Saturday, August 10, 2013

Greek unemployment rises to record 27.6%

The Greek jobless rate rose to 27.6% in May from 27% in April as austerity and recession continued to weigh on prospects.
It was the highest since the country's statistics agency started publishing the data in 2006, and more than twice the 12.1% eurozone average in June.
The number of unemployed people in the country is now 1.38m, an increase of 30,558 compared with April.
A breakdown of age groups shows unemployment among 15-24 year olds hit 64.9% in May:
15-24 - 64.9%
25-34 - 37.7%
35-44 - 24.7%
45-54 - 20.9%
55-64 - 16.2%
65-74 - 9.6%
Welcome to the USA Mr Samaras - where the FED (the cause of the Great Depression of 1929 and the rise of Fascism in Germany and Italy) resides and prospers! We really have a lot of sympathy for your poor downtrodden masses because the Fed-backed ECB and IMF have created the un-ending debt that caused them! We hope our little "media show" of sympathy will put food on everyone's plate in Greece real quick!
It is time to open central banking books for two overall reasons: either they are totally incompetent imbeciles or this depression is being orchestrated for financial gain and control of sovereign nations. Whatever the answer may be, banking officials need to be reviewed by independent government panels and then removed for crimes against humanity.
After all, these bankers have steeled themselves to loss of life and livelihood for generations – the rest of us need to steel ourselves to getting rid of them pronto before their scheme for ultimate control is finalized. For a start, fair referendums need to be allowed in all EU nations for an end to this “Euro Madness” and a return to individual currencies printed directly by government treasuries.

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