Wednesday, September 28, 2011

Real unemployment rate to each 26 percent in 2012

Some more news from Greece. It's the same everywhere!

The rate of real unemployment will reach 26 percent by next year according to economics professor and director of the Labor Institute of the General Confederation of Greek Workers (GSEE-ADEDY) Savas Robolis.
Speaking on Skai television on Wednesday Robolis said that while statistical unemployment figures will reach 21 percent in 2012, real unemployment will reach that of 26 percent, a figure representing 1,3 million Greeks. This will lead to serious pressure on local social security services and loss of revenue for the state.

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