Greek unemployment rate hits new high

According to the agency’s data, the jobless rate in Greece has jumped to 22 percent in March, about 0.2 percent higher than a month earlier.

The figures also revealed that nearly 22,000 more people were out of work in the European country in March compared with February.

Greece is at the epicenter of the eurozone debt crisis and is experiencing its fifth year of recession because of the government-introduced harsh austerity measures, which have left about half-a-million people without a job over the past years.

One in every five Greek workers is currently unemployed, banks are in a shaky position, and pensions and salaries have been slashed by up to 40 percent.

Greek youths have been also badly affected and more than half of them are unemployed.

There are worries that more delays in resolving the eurozone debt crisis, which began in Greece in late 2009 and infected Italy, Spain and France last year, can push not only Europe, but also much of the rest of the developed world back into recession.

TNP/SS/IS

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