Unemployment in Greece will reach 26% next year. This is the alarming figure contained in a study carried out by the employment institute of two of the country’s biggest trade unions, GSEE and ADEDY, who operate on behalf of private and public sector employees respectively. The policy followed until now by the Greek government leads only to a deterioration of the country’s economy, the study says.
The institute says that the main characteristic of the current situation is the significant rise in unemployment, which grew by 95% in the first quarter of 2011 compared to the corresponding period of 2008, while forecasts suggest that the real level of unemployment in 2012 will hit 26%.
The research suggests that the actual economy has regressed by a decade, with the continuing limitation of workers’ rights. The situation is no better with regard to workers’ income. Institute figures suggest that the real wage over the 2010-2011 period dropped by 11.5% for the economy in general and by 9.2% in the private sector.
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