Greece’s jobless rate continues to rise under the austerity linked to its international bailout.
The unemployment rate hit a new record high of 27.6 percent of the workforce in May. April’s number was revised upwards to 27 percent.
The country is in its the sixth year of recession and job seekers are pessimistic.
In Athens, a 60-year-old unemployed woman said: “Greece is not on the road to recovery. We’ve returned to the 1950s. I was a child then and I know what happened, we are starting from scratch.”
While a man spoke of his despair: “The business I worked for has closed. I am 66-years-old, unemployed and won’t get a pension. I go through rubbish bins looking for something to eat.”
The young are also hard-hit. Nearly two thirds of 15 to 24 year olds are out of work.
Ordinary Greeks are suffering the austerity imposed by international lenders to slash government debt levels, but only austerity means a downward economic spiral.
Greece may be in the worst state but analyst Patrick Armstrong says the whole region is not growing as it should: “Europe’s still not really addressed the core issues that led to the European crisis so I don’t think we’re going to have sustainable growth in Europe. You really need the ECB to do unconventional policies like every other central bank’s been doing , and I think a weak euro will facilitate some growth but we’re not there yet.”
Improving exports and a strong tourism season – with an expected record 17 million visitors – should help to contain the further rise in joblessness expected this year.
But the Greek central bank has projected that unemployment will peak at twenty eight percent, before it starts to decline in 2015.
As the latest jobless figures were released Greece’s Ministry of Labour said it has launched a crackdown on people working without paying taxes.
Officials are suspicious because in some popular tourist areas the number of people being hired has fallen, even at the height of the holiday season.
They include the islands of Thasos, Zakynthos and Kalymnos and the area around Chalkidiki.
The authorities also said that Greek shop owners who have resisted on-site tax checks and found not to be issuing receipts are receiving penalties including being closed for one-month.
The General Secretariat of Revenues has ordered the shuttering of 12 premises for such non-compliance and said 14 more faced similar action in the near future.
With millions of visitors crowding the country’s beaches in the holiday month of August, tax inspectors have focused on popular resorts where tax evasion is traditionally rampant.
Copyright © 2014 euronewsMore about:
- 1Podemos: Spanish indignation in Brussels’ corridors of power | euronews, reporter
- 2Watch: Angry mob throw Ukraine MP into rubbish bin | euronews, world news
- 3Iraq: Baghdad rally held against US ‘occupiers’ | euronews, world news
- 4New car offers freedom for disabled drivers | euronews, hi-tech
- 5Now is ‘right time’ for Catalonia independence vote, says Mas | euronews, world news
- 6Israel announces it will seize 400 acres in West Bank | euronews, world news
- 73D printing: a driving force in design and engineering | euronews, hi-tech
- 8Rise of the machines | euronews, futuris
- 9Ukraine: Donetsk rebel weapons factory blows up | euronews, world news
- 10Young Yazidi girl escapes Islamic State kidnappers | euronews, world news
- 11Vatican rocked by another paedophilia scandal | euronews, world news
- 12Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 13Algeria: ISIL offshoot releases video threatening French hostage Hervé Gourdel | euronews, world news
- 14#Indyref Live: Scotland votes on independence from UK | euronews, world news
- 15Thousands ‘evade’ Ebola lockdown in Sierra Leone | euronews, world news
- 16British Muslims’ message to ISIL: Not in my name! | euronews, world news
- 17Iceland puts on a show as two of its volcanoes spew out lava | euronews, world news
- 18The business benefits of EU chemical regulation | euronews, business planet
- 19Iceland volcano ‘pollutes Paris’ | euronews, world news
- 20Emma Watson threatened with naked photos leak after UN equality speech | euronews, world news
Wires > Business
- 11:49 CET Israeli high-tech entrepreneur turns his focus to politics
- 11:47 CET Cyberark listing puts Israeli venture capital fund in the spotlight
- 11:31 CET Spain economy to reach 2 percent year-on-year growth rate in…
- 11:28 CET SocGen says ‘nothing to expect’ soon on U.S. sanctions probe
- 11:11 CET UK productivity fails to pick up in second quarter – ONS
- 10:36 CET UK manufacturing PMI hits 17-month low in September – Markit/CIPS
- 10:23 CET FTSE falls, lags euro zone peers as supermarkets slide
- 10:17 CET Lacklustre factory data hits world stocks, dollar up