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Greek Unemployment
World Economy

Greek Unemployment

Greece’s unemployment rate has gone up to 26.1%. It’s the highest recorded rate since the second quarter of 2014, when joblessness stood at 26.6%, Euronews reported. About 73% of Greece’s 1.24m jobless are long-term unemployed. The debt crisis and austerity imposed by EU/IMF lenders in exchange for a bailout wiped out about a quarter of the economy, driving the jobless rate to record highs.

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