Tuesday

23rd Jan 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.

Thank you for reading EUobserver!

Subscribe now for a 30 day free trial.

  1. €150 per year
  2. or €15 per month
  3. Cancel anytime

EUobserver is an independent, not-for-profit news organization that publishes daily news reports, analysis, and investigations from Brussels and the EU member states. We are an indispensable news source for anyone who wants to know what is going on in the EU.

We are mainly funded by advertising and subscription revenues. As advertising revenues are falling fast, we depend on subscription revenues to support our journalism.

For group, corporate or student subscriptions, please contact us. See also our full Terms of Use.

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.

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.

Opinion

EU's 'old men' must pressure Poland on abortion rights

Despite fresh crackdowns on Poland's already restrictive abortion laws, EU commission president Juncker did not raise the issue with the new Polish PM Morawiecki - perhaps because it was an all-male event?

Stakeholders' Highlights

  1. Nordic Council of MinistersNordic Solutions for Sustainable Cities: New Grants Awarded for Branding Projects
  2. Mission of China to the EUTrade Between China, Belt and Road Countries up 15%
  3. Nordic Council of MinistersOresund Inspires Other EU Border Regions to Work Together to Generate Growth
  4. Mission of China to the EUTrade Between China, Belt and Road Countries up 15%
  5. AJC Transatlantic InstituteAJC Calls on EU to Sanction Iran’s Revolutionary Guards, Expel Ambassadors
  6. Dialogue PlatformRoundtable on "Political Islam, Civil Islam and The West" 31 January
  7. ILGA EuropeFreedom of Movement and Same-Sex Couples in Romania – Case Update!
  8. EU2017EEEstonia Completes First EU Presidency, Introduced New Topics to the Agenda
  9. Bio-Based IndustriesLeading the Transition Towards a Post-Petroleum Society
  10. ACCAWelcomes the Start of the New Bulgarian Presidency
  11. Mission of China to the EUPremier Li and President Tusk Stress Importance of Ties at ASEM Summit
  12. EU2017EEVAT on Electronic Commerce: New Rules Adopted

Latest News

  1. Greece and creditors prepare bailout exit
  2. EU stands by Palestine on Jerusalem
  3. MEPs may bar killer drones from EU research cash
  4. Europe's social democrats are having a hard time
  5. How Oettinger's CO2 permit sale could fill Brexit blackhole
  6. New Polish foreign minister tries to charm EU commission
  7. Middle East, Messi and missing MEPs on agenda This WEEK
  8. Instagram and Google Plus join EU anti-hate speech drive