The story appears on

Page A13

September 7, 2012

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Economy

Greece sees jobless rate soar to 24.4%

GREECE'S unemployment rate surged to 24.4 percent in June, according to official figures yesterday, as protests continued against a massive new austerity package, with police blocking their colleagues from starting work.

The Greek Statistical Authority said the number of jobless in June rose by 34,000 to over 1.2 million. The jobless rate was up from 23.5 percent in May and 17.2 percent the previous year.

Greece is drafting a new 11.5 billion euro (US$14.4 billion) austerity package for 2013-14, demanded by other eurozone countries and the International Monetary Fund.

The new cuts, though not yet finalized, are likely to see further cuts to benefits as well as pensions and several groups of employees on the state payroll, including the police.

Yesterday, protesting police officers defied their own colleagues in the riot police and blocked the entrance of one of their own facilities for four hours.

About 50 members of the Greek Police Officers' Association picketed police facilities at Zografou, northeast of central Athens, preventing buses carrying riot police from leaving the site. The buses are set to go to the northern city of Thessaloniki, where weekend protests are planned.



 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend