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Daily Digit: Greece's jobless rate

Wednesday, April 10, 2013 - 01:08

April 11 - Greece's jobless rate reaches another new high as the country grapples with a recession and spending cuts under its austerity program. Sonia Legg reports.

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27% is today's daily digit in Europe - the new record jobless rate in Greece. Official figures for January show unemployment increased 1.5% from the previous month. Nearly 60 percent of 15 - 24 years olds were out of work - up 8 percent from the previous January. The rate's more than twice the euro zone's 12% average and has almost tripled since the country's debt crisis emerged in 2009. (SOUNDBITE)(Greek) ATHENS RESIDENT DIMITRIS, 30 YEARS OLD, SAYING: "It's ominous, very ominous and things must change, they must think of the people. We can't go on like this and they know it. In all the major streets the shops are closing. All the young people are desperate for jobs." (SOUNDBITE)(Greek) UNEMPLOYED EVDOKIA TSOBANIDOU, 50 YEARS OLD, SAYING: "I do not believe the 27 percent - it's much, much higher around 45 percent. There are many unemployed who are not registered. The situation is tragic and it's getting worse and worse." The economy is in its sixth year of recession and is expected to shrink by 4.5 % this year. Austerity measures are widely blamed. The Greek government will meet Troika officials next week to discuss a way out.

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Daily Digit: Greece's jobless rate

Wednesday, April 10, 2013 - 01:08