[lbo-talk] Fw: [socialist-economics] Greece Unemployment Rate continues to Rise

Ricky Page rfpage2008 at yahoo.com
Mon Aug 23 09:44:51 PDT 2010


--- On Sun, 8/22/10, jcase <jcase4218 at gmail.com> wrote:

From: jcase <jcase4218 at gmail.com> Subject: [socialist-economics] Greece Unemployment Rate continues to Rise To: "Socialist Economics" <socialist-economics at googlegroups.com> Date: Sunday, August 22, 2010, 6:43 PM

   

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Greece Unemployment Rate continues to Rise via Calculated Risk by CalculatedRisk on 8/21/10
>From Nick Skrekas at the WSJ: Jobs Crisis Grows As Greece Falters
Greece's gross domestic product contracted by 3.5% in the second quarter from a year earlier ... sending unemployment rates to above 12% of the work force ...

The International Monetary Fund predicts the jobless rate will reach 14.8% by 2012. But some labor experts fear that before long, one in five Greek workers could be without jobs.And the 10-year Greece-to-German bond spread has continued to widen, hitting 848 bps on Friday - the highest level since the 963 bps during the May crisis.

Note: The unemployment rate in Ireland is at 13.7% and rising ...

   

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