Today Greece has received more bad economic news. Firstly there are the unemployment figures. Greece has had record high levels of unemployment for some time now. If you thought these figures coulkd not get worse then you were mistaken. In July 2012 thelevel of unemployment in Greece rose to 25.1% from 24.8% More than a quarter of the working age population of Greece have no job and few prospects for the foreseeable future. As we all know the devil makes work for idle hands and such high levels of unemployment will lead to trouble.
Here are some of the shocking statistics:
- During the past year more than one thosand jobs were lost each day.
- Sadly young people are the worst hit group with the 15-24 age group accounting for 54.2% of all unemployed.
- Yet in Greece and other countries of Europe the retirement age is increasing, meaning less jobs are available for the young generation of workers.
- 1.26 million Greek people were unemployed in July 2012.
- In July 2008 only about 364,000 Greeks were registered unemployed. A nassive increase then in just 4 years.
- Greece faces another year of recession in 2013.
- Greece is caught in a web of bailojts with strict austerity strings attached.
Reporting on these latest shocking figures some in the media have stated that more people in Germany want Greece to stay in the EU than want the country to leave. Perhaps more to the point should be what the Greek people want. They are being treat as the whipping nation of the EU and sooner or later they woll have had enough. What have they got to lose from an exit?
Germany and other EU countries of course wiill have a lot to lose should Greeve exit the Eurozone. The best bet would surel;y be scrapping the EU and starting again from scratch. Somethings break and are not able to be repaired. Fact. Sometimes it is time for a more modern model.
Rubbing salt into the debt wound of Greece Coca Cola Hellenic has announced today that it is moving ots operations from Greece to Switzerland. CCH was Greece's largest bottling company and its exit from Greece will herald more job cuts. Some have claimed however that this will have a limited impact on the Greek economy. CCH have said that plants will still operate as normal in Greece and ot is more about the companyand its tax burden.
It will however be another pyschological blow to Greeks and their economy.