25th Oct 2016

More than half young Greeks are unemployed

Greek youth unemployment figures released on Thursday (9 August) by the Hellenic Statistic Authority marked another record high at 54.9 percent in May compared to around 41 percent to the same period last year.

“It is indeed a matter of deep concern for the commission and the unprecedented level of unemployment in Greece, in particular for youth unemployment,” European Commission spokesperson Olivier Bailly told reporters in Brussels.

Dear EUobserver reader

Subscribe now for unrestricted access to EUobserver.

Sign up for 30 days' free trial, no obligation. Full subscription only 15 € / month or 150 € / year.

  1. Unlimited access on desktop and mobile
  2. All premium articles, analysis, commentary and investigations
  3. EUobserver archives

EUobserver is the only independent news media covering EU affairs in Brussels and all 28 member states.

♡ We value your support.

If you already have an account click here to login.

  • Greek fans at Euro2012: 54.9 percent of under 25s in Greece are unemployed (Photo: 2dubstEEr)

Bailly said the ‘troika' - the EU, European Central Bank and International Monetary Fund (IMF) - along with the Greek authorities will need to address the rising unemployment issue among its youth.

A troika fact-finding mission in Greece ended last Sunday with another mission scheduled for early September. Dow Jones on Wednesday quoted unnamed officials saying it may be delayed until October.

“Boosting growth and job creation is fundamental to Greek society and we are concerned that the most vulnerable in Greece are the most hit by the current crisis," said Bailly.

In Athens, the 27-year old president of the Hellenic National Youth Council Armodios Drikos, a non-profit youth association, told this website that the Greek government has failed to implement a strategy that puts youth at the top of its policy initiatives.

“Unemployment among the youth in Greece is extremely high due to two reasons. First, the Greek government has failed to initiate EU programmes and use the EU funds. Second, the Greek government has sidelined the youth in their policy,” he said.

Drikos, who also works as a doctor at a hospital in Athens, says Greece has a lost an entire generation. “A lot of my colleagues have left for places like Germany, Belgium and Switzerland,” he said.

The European Youth Forum (YFJ), a platform of youth organisation in Europe, claims up to a €100 billion annually is lost by not investing in young people.

“Taking into consideration the overall economic and political impact of lower rates of active citizenship, early school leaving, and poor access to social services, the cost of the social exclusion of young people could soon become insurmountable,” says their website.

The platform claims the current EU budget dedicates 0.1 percent to funding youth programmes.

“The money dedicated to the Youth in Action programme for the overall cycle of seven years is less than the amount spent by the EU on subsidising the wine sector in the single year of 2011," noted the YFJ.

Stakeholders' Highlights

  1. EFADraft Bill for a 2nd Scottish Independence Referendum
  2. UNICEFCalls on European Council to Address Plight of Refugee and Migrant Children
  3. ECTAJoin us on 9-10 November in Brussels and Discover the new EU Digital Landscape
  4. Access NowCan you Hear me now? Verizon’s Opportunity to Stand for Global Users
  5. Belgrade Security ForumMeaningful Dialogue Missing Not Only in the Balkans, but Throughout Europe
  6. EuropecheEU Fishing Sector Celebrates Sustainably Sourced Seafood in EU Parliament
  7. World VisionWomen and Girls Urge EU Leadership to Help end Gender-based Violence
  8. Dialogue PlatformIs Jihadism Blind Spot of Western Intellectuals ? Wednesday 26 October
  9. Belgrade Security ForumGet the Latest News and Updates on the Belgrade Security Forum @BelSecForum
  10. Crowdsourcing Week EuropeMaster Crowdsourcing, Crowdfunding and Innovation! Conference 21 November - 10% Discount Code CSWEU16
  11. EJCEU Parliament's Roadmap for Relations with Iran a Massive Missed Opportunity
  12. Nordic Council of MinistersFish Skin on Bare Skin: Turning Fish Waste into Sustainable Fashion