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Europe

Greece Has Second Highest Unemployment Rate in Eurozone

According to evidence published by Eurostat in June, Greece has the second highest rate of unemployment in the Eurozone. Among the 27 EU member countries, the unemployment rate has reached an average of 9,4 % to 9,9% in the Eurozone....

Official Statistics Reveal Unemployment Rate Rose to 15%

Unemployment in Greece has risen to 15% for the first quarter of 2011, according to Eurostat's data. Greece is ranked fourth in EU-27 unemployment rates, following Spain (20.9%), Lithuania (16.3%) and Latvia (16.2%). Lower unemployment rates have been recorded in the Netherlands (4.2%), Austria (4.2%) and Luxembourg (4.5%). In terms of growing unemployment on an annual basis, Greece ranks...

ECB Meets in Greece; Holds Rates Steady After 10 Consecutive Hikes

The European Central Bank (ECB) meeting in Greece, left interest rates unchanged on Thursday, after an unprecedented streak of 10 consecutive rate hikes. The ECB has lifted rates by a combined 4.5 percentage points since July 2022 to combat runaway...

Cyprus Records EU’s Largest Unemployment Annual Fall, Data Reveals

Yet more positive news from Cyprus as the unemployment on the island has dropped from 10.5 percent in August 2017 to 7.5 percent in August 2018. More specifically, the unemployment among men fell to 7.0 percent while women saw their rate...

EU’s Refugee Relocation Plans Desperately Need a Reality Check

By Katharine Jones, Coventry University The European Commission has announced that it will embark on an unprecedented mandatory emergency “relocation” of 40,000 Syrian and Eritrean refugees. The Commission proposes that women, men and children who arrive in Greece and Italy who...

Eurozone Jobless Rate Remains at 11.6 Percent

(AP) - The number of unemployed people in the 18 eurozone countries declined fractionally in May, but not enough to bring down the jobless rate, which remained at 11.6 percent compared with a month earlier. The European Union's statistics office,...

ELSTAT: 27.8% Unemployment in Greece

According to data released by Eurostat, unemployment in Greece reached 27.8% in October, showing a slight increase compared to September when it stood at 27.7%. Moreover, unemployment in the eurozone remains stable at 12% for three months dating from October...

Greek Citizens Migrate In Search of Job Opportunities

The ongoing financial crisis in Greece along with sky-high levels of unemployment, currently 27.8 percent, has led many Greeks to migrate to other countries in order to find work and better living conditions. The most common destinations are Germany, Great Britain...

West Macedonia First in 2012 EU Youth Unemployment

The European Statistic System Eurostat brought to light data concerning unemployment in the EU regions for the year 2012, on May 22. According to Eurostat, the region of West Macedonia is the fifth region in the EU with the highest...

Greece Has EU’s Highest Youth Jobless Rate

Greece still holds the highest unemployment rate among the 27 countries of the European Union, as according to Eurostat figures, the recession of the Greek economy exceeds 4%. Specifically, unemployment in Greece stands at 27.2% in Spain at 26.7%...

Eurozone Jobless Rate Hits Record 12 Percent

Unemployment across the 17-nation euro currency bloc has hit 12 percent for the first time. The European Union's statistics office, Eurostat, said Tuesday that this was the jobless rate in both January and February. In all, it estimated that more...

Spiegel: Greeks Migrate to Germany to Find a Job and a Better Life

German newspaper Spiegel is making an effort to discourage Greek young people from migrating to Berlin, as they might be victims of a delusion that a major European capital city can provide them with an excellent quality of life. “Faced with...

Eurozone Jobless Rate Steady At 10%, in Greece at 16.7%

Unemployment rate in Eurozone held steady at 10 percent in August for a third successive month, data published by Eurostat showed Friday. This was in line with expectations and slightly below last year's 10.2 percent. The number of unemployed persons...

European Suicide Rates Rise Due to Financial Crisis

Researchers said on Friday that suicides rates rose sharply in Europe in 2007 to 2009 as unemployment rates rose, too due to the financial crisis.  The worst hit countries such as Greece and Ireland are seeing the most dramatic...

Europe Reeling as Tourism Continues Precipitous Decline in Summer 2021

Tourism in Europe, which accounts for almost half of all tourism worldwide, is continuing to take an enormous blow this Summer as it reels from the exclusion of American and  travelers, who normally contribute to its coffers in a...