Unemployment in Greece rose in July to 25.1%, for the first time since the financial crisis in the state, passing the mark of one quarter of the working population. It is reported by AFP. Compared to July last year, the unemployment rate rose by 7.4 percentage points.
In Greece, the number of officially registered unemployed reached 1.2 million, despite the high season in July. During the year the number has increased by 378,000 people.
Under the previous budget forecast, published a month earlier, the level of unemployment has been achieved in the current year, 23.5% and 24.7% - in the following.
Currently, Greece is going through the 6th year of economic depression. As a result of the country's GDP has declined by more than 20%. Country, in order to save a default, should receive a loan of 31.5 billion euros from the "troika" of creditors. However, the "troika" (the IMF, the ECB, the EU) is ready to give Greece credit only for the sharp reduction of budget expenditures. Any reduction in spending in Greece is a strike.
Athens ready for the next two years to reduce spending by 13.5 billion euros, but it is not clear whether the country is a promise to fulfill. In addition, cost reduction, in turn, will result in increased unemployment and a deepening crisis.