Pages

The high rate of unemployment in Greece and resume talks with Troika


Unemployment rate rose in Greece during the month of July to score 25.1%, compared to the previous rate of 24.8% in June, while the number of unemployed to 1.26 million people until that period.
The austerity policies of the Greek government and the economic downturn in the country is the first factor behind the rise in the unemployment rate in the acute vulnerability of key sectors Greek economy.
While still the Greek economy depends on international aid after the government's inability to fund itself since the three years which prompted the government to adopt strict policies in order to reduce the budget deficit has, while waiting for the government to get the second tranche of international aid after several weeks with negotiations with lenders international is expected to resume talks again on Friday.
Projections indicate the possibility of reaching a final agreement between the parties in mid-month or more precisely, during the European summit to be held next week.
As noted the International Monetary Fund that Greece needs more time to be able to achieve the target of financial reform has, but on the other hand criticized German Finance Minister these statements expressing it can not be judged until the final report of the lenders international - Troika - and which is expected to be issued with the beginning of next month.