Calamos Supports Greece

unemployment

Greek Unemployment Hits New Record

Official data released on Thursday shows that unemployment in Greece reached 27.5 % in the fourth quarter of 2013, remaining the highest in the euro zone. Greece, with a population of about 10 million people, has 1.36 million unemployed. Since the outbreak...

Only 16 out of 100 Unemployed Receiving Unemployment Benefit

Data concerning the subsidizing of the unemployed released on Friday, March 7, by the Manpower Employment Organization (OAED) reveals the inability of the state to provide adequate protection and support for the unemployed. According to OAED, in January, only...

Greece, Champions of Unemployment

Eurostat’s data on unemployment in the EU show the nightmarish dimensions of Greek unemployment and revealed that unemployment in Greece went even more south in November 2013. The Greek unemployment rates for young people and females remain the highest...

Greek Insurance System Ready to Collapse

It appears that despite numerous measures imposed by the Greek government, the insurance system in Greece is on the edge of collapse due to the increasing unemployment, uninsured employment, reduced budget funding and an influx of retirement. Although, the Labor...

Bloomberg: 'Europe Can't Let Greece Drown in Debt'

A recently published Bloomberg article presents the mistakes of troika's policy and stresses that the European partners of Greece should help the country avoid bankruptcy. According to the article, in 2010 the Greek government received one of the "biggest  bailout programs...

ELSTAT: 27.8% Unemployment in Greece

According to data released by Eurostat, unemployment in Greece reached 27.8% in October, showing a slight increase compared to September when it stood at 27.7%. Moreover, unemployment in the eurozone remains stable at 12% for three months dating from October...

One Out of Two Greeks Lives With Parents

A recent survey conducted in the European countries has shown that many young people between the ages of 20 to 34-years-old live with their parents. In Greece the phenomenon has become more intense during the last years because of...

Controversial Proposal for Tackling Unemployment

Centre of planning and Economic Research in Greece has proposed a controversial measure in order to deal with the problem of increasing unemployment in the country. The measure includes unpaid work for the young and unemployed up to 24 years...

Greece: It Takes Nine Months to Find a Job!

The average waiting time before finding a job in Greece has increased to more than nine months, surpassing not only Spain but also South Africa. This is what the International Labour Organisation (ILO) highlighted in its annual report released...

Germany: Unemployment Benefits for European Immigrants

According to Süddeutsche Zeitung (SZ), the European Commission (EC) believes that some sectors of the German social system are not complying with the law. Germany should include unemployed immigrants to its social policy of unemployment benefits and immigrants should...