Greek unemployment hits new record highAugust 8, 2013 - 17:32 AMT PanARMENIAN.Net - Unemployment in Greece has risen to a new record high of 27.6 percent in May, up from 23.8 percent in the same month last year, according to The Associated Press. The Hellenic Statistics Authority said Thursday, Aug 8 the jobless rate rose from 27 percent in April this year. Young people were by far the worst affected, with unemployment among job-seekers aged 15 to 24 standing at 64.9 percent. Greece has been depending on funds from international rescue loans since May 2010, after years of profligate spending and fiscal mismanagement left it with a massive budget deficit. In return, successive governments have imposed stringent austerity measures, including tax hikes and salary and pension cuts. The country is currently in the sixth year of a deep recession. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |