Eurostat
Cyprus
Greece Sees Record Rise in Unemployment in 2011
Greece, Cyprus and Spain are the EU countries seeing the highest rise in unemployment at the end of 2011 compared with the same period in 2010. This was seen in Eurostat data, which showed that Greece had the highest...
Business
Europe Prefers Greek Tomatoes, Exports Increase
Exports of Greek tomatoes to European countries have recorded a 148% increase in the past year. The messages are very optimistic on the future of tomato exports, since most European countries seem to prefer the Greek product instead of...
Greece
Under-25 Unemployment Rises, Worst Rates Found in Spain and Greece
The rate of unemployment for those under age 25 continues to rise.
In November 2011, it was at 22.3% in the 27 member states (compared to 22% in October 2011 and 22% in November 2010). The eurozone figure is not...
Europe
EU: Greek, Portuguese GDP per Capita Far Below EU-27 Average
In the European rankings of GDP per capita, calculated on the basis of purchasing power, in 2010 Greece, Portugal, Malta and Slovenia have between 10 and 20% lower levels than the EU-27 average.
In the context of EU Mediterranean countries,...
Economy
Greek Unemployment Hits 17.6% – and Climbing
Despite 18 months of pay cuts, wage hikes, and slashed pensions, a $157 billion bailout – and now forgiveness of half of its new debt – Greece’s unemployment rate has reached 17.6 percent, the second highest in the European...
Economy
Fake Deficit Employed to Impose Harsh Austerity Measures
According to Zoe Georganta, Professor of the University of Macedonia and until recently member of the board of directors of the Hellenic Statistical Authority (EL.STAT.), the data presented in 2009 concerning the country’s deficit were false and Greece entered...
Economy
EU Wants Greek Private Sector Workers Pay Cut Too
ATHENS – With public workers set for another barrage of pay cuts – teachers already bracing for a retroactive salary slash of 380 euros, or $525 per month – European Economic and Monetary Affairs Commissioner Olli Rehn has proposed...