Less than a week after their Prime Minister said they would no longer take austerity measures because of an improving economic situation, Greek officials have said unemployment has reached new highs.
The debt-ridden nation’s unemployment rate rose to 26% in the final part of 2012, up from 24.8% in the third quarter of the year and 20.7% a year in 2011. Continue reading
Greek Prime Minster Antonis Samaras has placed his country and the European Union on notice that austerity measures have ended in Greece.
The proclamation comes as Greece’s international creditors extended an audit of the nation’s finances and crisis reforms. Continue reading
Hours of heavy rain and thunderstorms caused massive flooding in the capital of Greece.
Athens officials were forced to close underpasses and subway stations due to the massive flash flooding. The train and tram network also was forced to close due to the waters. Continue reading
Greece, in the middle of the worst recession in the world, has had masked intruders firebomb a gold mining development in the northern part of the country with the stated goal of shutting the mining operation.
Machinery, vehicles and storage containers were damaged in the attack. Continue reading
The Greek government has invoked an emergency power act to order sailors and dock workers to end a six day strike that has crippled traffic to Greek islands.
Workers who defy the order will face jail terms of three months to five years. Continue reading
Protesters stormed government offices in Athens breaking doors and overturning chairs as they tried to get to Employment Minister, Yiannis Vroutsis. The minister, who was in the office at the time of the assault, escaped the conflict unharmed.
Police made 33 arrests and used batons to disperse the crowd that managed to surge into the waiting rooms outside the main offices. Continue reading
“There is definitely a glimmer of hope,” Greek finance minister Yannis Stournaras told the BBC. “Light at the end of the tunnel.”
Greece is still receiving a large amount of bailout money from the European Union amid austerity measures that have caused massive strikes among public sector employees. The money is expected to continue being given to the country through the first half of the year. Continue reading
Greek transportation workers are facing a threat of arrest in light of an eight-day strike that has crippled commerce in the country.
Over half a million Greek workers have been unable to get to work because of the stoppage of the city’s underground system. Union workers have been stating that they will defy the threat and even “step up” strike action. Continue reading
The latest report on Greece’s unemployment shows the country’s rate at 26.8%, rocketing them past Spain as the country with the highest rate in the EU. Continue reading
November figures have Eurozone unemployment at a new record high of 11.8%, rising .1% from October figures and the previous high. The European Union as a whole held at 10.7%. Continue reading
