One in two young Greeks are unemployed as jobs crisis spirals

Greece's youth unemployment rate hit 51.1pc in December, official statistics from ELSTAT showed on Thursday.

In contrast, Germany's youth unemployment rate is just 7.8pc.

The worrying youth jobless figure in Greece has overtaken crisis-hit Spain, which has its own youth jobless rate of 49.9pc, according to the latest available figures.

Overall, the jobless rate in Greece hit 21pc, up from 20.9pc in November and twice the eurozone rate.

http://www.telegraph.co.uk/finance/jobs/9131430/One-in-two-young-Greeks-are-unemployed-as-jobs-crisis-spirals.html

 

Problems with the Greek economy

Phil Holden, who lives and teaches in Athens, gives you his take on the Greek economic crisis:

His predictions back in April 2009:

http://pajholden4u.blogspot.com/2009/04/greece-in-debt.html

His views in January 2010:

http://pajholden4u.blogspot.com/2010/02/greece.html