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2012-10-11 Economy
Greek unemployment rate hits 25.1%
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Posted by ryuge 2012-10-11 06:49|| E-Mail|| Front Page|| [6495 views ]  Top

#1 Of course that would be the "seasonally adjusted" rate.
Posted by Besoeker 2012-10-11 09:38||   2012-10-11 09:38|| Front Page Top

#2 Do you think that this includes those who have stopped looking for work, or the underemployed?
Posted by AlanC 2012-10-11 10:07||   2012-10-11 10:07|| Front Page Top

#3 Numbers reflect all 13 Greek regions plus Mount Athos (unlike the 49 US States reported here this morning, which failed to account the one abstaining large mystery state).
Posted by Besoeker 2012-10-11 10:14||   2012-10-11 10:14|| Front Page Top

#4 Greece just needs to hire consultants from the US Bureau of Labor BS.
Posted by Anguper Hupomosing9418 2012-10-11 11:49||   2012-10-11 11:49|| Front Page Top

#5  Noting that CNBC describes the recession as "austerity fuelled" rather than the recession and austerity as direct consequences of the Greek's spending too much, working too little and signing up for a pan-European fantasy project.
Posted by Excalibur 2012-10-11 12:01||   2012-10-11 12:01|| Front Page Top

#6 Yes, indolence as a factor of lack and poverty evades them once again.
Posted by Besoeker 2012-10-11 12:10||   2012-10-11 12:10|| Front Page Top

#7 Excalibur is on to something. Every single article I looked at as a candidate to post here dutifully mentioned the "austerity fueled" concept. So did the hourly news on one of the local conservative radio stations here. Perhaps economists across the board agree that the austerity measures taken by the Greek government made Greece's situation worse. But if not, this is just another example of "Journolist-ism", where a narrow class of people almost exclusively control the most widely-available news stories.
Posted by ryuge 2012-10-11 14:53||   2012-10-11 14:53|| Front Page Top

#8 The problem was the lack of austerity (i.e. the rise in debt) before they crashed masking the real state fo the economy (for both lender and debtor)!

Germany got Exports! employing people, and Greece got an GDP boost from the borrowing.

Both parties are now worse off.
Posted by Bright Pebbles 2012-10-11 15:25||   2012-10-11 15:25|| Front Page Top

#9 next weeks forecast for Greece ... scattered riots with a chance of firebombs.
Posted by Raider 2012-10-11 17:26||   2012-10-11 17:26|| Front Page Top

#10 Maybe that's where California'a numbers went.
Posted by Bangkok Billy 2012-10-11 18:58||   2012-10-11 18:58|| Front Page Top

#11 next weeks tomorrow's forecast for Greece ... scattered riots with a chance of firebombs.

I've upgraded your forecast, mate!
Posted by Raj 2012-10-11 19:30||   2012-10-11 19:30|| Front Page Top

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