Saturday

23rd Jun 2018

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.

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  • 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.

Eurozone unemployment hits new record

More grim news for the 17-nation eurozone came out on Wednesday, as new figures showed that unemployment is at its highest since the birth of the single currency.

Youth unemployment risks 'social disaster'

The rise in youth unemployment in some member states could pose a “serious threat to social cohesion,” the European Commission warned Friday.

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How to get around the EU posted workers directive

Some EU careworkers in Belgium receive around €400 a month - despite their carers paying €2,500 a month and paying for flights and accommodation. The answer lies in how firms can skirt the safeguards in the EU's posted workers directive.

Opinion

EU needs comprehensive 'sexuality education'

The subject is mandatory by law in some form in nearly all EU countries - but it is mostly reproduction- and biology-centred, covering topics such as unwanted pregnancy and sexually-transmitted infections.

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