Posts Tagged ‘Greece’

Singular-logic-Official-projection

Most of the coverage of the European parliamentary elections has focused on the success of “populist,” right-wing parties.

However, it is also the case that six countries—most notably Greece but also Spain, Italy, Portugal, Slovakia, and Romania—moved not to the Right but to the Left.

Protesters from the Communist-affiliated trade union PAME shout slogans as they march towards the parliament during a general labour strike in Athens

Greek labor unions staged a nationwide strike today to protest against austerity policies imposed on the country by the current government and its foreign creditors, including Germany.

Schools and pharmacies were shut, ships remained docked at ports, hospitals operated on emergency staff, and transport in Athens was disrupted due to the 24-hour strike called by private sector union GSEE and its public sector counterpart ADEDY.

More than 20,000 workers, pensioners, students and the unemployed marched peacefully through the streets of the Greek capital chanting “EU, IMF take the bailout and get out of here!”

Unions said their anti-austerity message was also aimed at German Chancellor Angela Merkel, who is due to meet Greek Prime Minister Antonis Samaras in Athens on Friday. Germany has insisted on painful spending cuts and tax hikes in return for international loans.

“It’s time to save people not banks,” said 59-year old economist Eleni Prokou. “Merkel and the troika should stop sticking their nose in our business.”

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Special mention

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Chart of the day

Posted: 13 February 2014 in Uncategorized
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That’s the unemployment rate in Greece, which (according to the Hellenic Statistical Authority [pdf]) rose to an astronomical 28 percent in November.

The unemployment rate for young people (15-24 years of age) is even higher: 61.4 percent!

Chart of the day

Posted: 8 January 2014 in Uncategorized
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According to Eurostat [pdf], the euro area unemployment rate was a stubbornly high 12.1 percent in November 2013, unchanged since April. What this means is that 19.24 million workers in the euro area were without jobs, an increase of almost half a million since November 2012.

The countries with the highest unemployment rates were Greece (27.4 percent) and Spain (26.7 percent). Those countries also had the highest youth unemployment: an astounding 54.8 percent in Greece (September) and 57.7 percent in Spain (November).

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Protest of the day

Posted: 6 November 2013 in Uncategorized
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Greek workers have shut down the country today as a demonstration against austerity measures imposed by the government and foreign lenders, whose inspectors were in Athens to review the country’s performance under its bailout.