Breaking News, World News and Taiwan News.

Weakened Greek workforce starts to crack

ATHENS--Looking out across a room full of reporters gathered to welcome French President Francois Hollande on Tuesday, Greece's President Karolos Papoulias gave a stark warning about the state of the country after three harsh years of government spending cuts, joblessness and tax hikes.

“We are faced with a societal explosion if any more pressure is put on society,” he said.

Not only are Greece's 1.35 million unemployed unable to make ends meet, but a growing number of those still employed are struggling to feed, heat and clothe themselves — and pay the increasingly hefty taxes the government is relying on to turn the economy around.

Greece's largest union, the GSEE, has called a general strike Wednesday to protest a new series of austerity measures. It warns that the labor force — which includes a large public sector — has been too badly weakened to help the battered country recover.

Since it was priced out of the international debt markets in 2010, Greece has relied on emergency loans from other eurozone countries and the International Monetary Fund. To continue receiving these loans, Athens has had to agree to harsh spending cuts and tax hikes to try and lower public debt. These measures, however, have also put the brakes on Greece's economy.

The country, of nearly 11 million people, is stuck in a five-year recession. Greece now has the highest unemployment rate in the 17-strong group of European Union countries that use the euro, with 27 percent out of work — 60 percent of those aged under 24.

The crisis has left 450,000 households with no one working, while a one-year limit on unemployment benefits — and strict rules to qualify for them — mean just 225,000 jobless Greeks are currently receiving monthly state assistance.

Maria Kanga, an unemployed mother of two, is worried about what she'll do when her assistance runs out this summer.

She was fired from a chain of record stores that went out of business last year. Along with more than 150 other employees, she was left unpaid for five months and then received no severance money.

Protesting outside a Eurovision Song Contest event hosted by a company co-owned by her former employer, Kanga summed up her situation: “We've cut back on everything ... My daughter is 12 years old. She has one pair of shoes. If they get wet, there are no spares.”

“Greece is not a country of bright lights and flashy events. It's a country with people committing suicide, of those unable to feed their kids properly, or who steal from the supermarket ... It's happening to everybody. We are these people.”

Normally, those left in employment would be able to help support a government and the economy by spending and paying their taxes. But in Greece, as jobs continue to vanish at an alarming rate, hundreds of thousands of workers are no longer paid regularly, with struggling businesses unable — or sometimes unwilling — to pay their payrolls.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
 London regains priciest office space crown: report 
In this Feb. 6 file photo, people reach out for fresh produce handouts from fruit and vegetable street market stall holders during a farmers' protest outside the Ministry of Agriculture in Athens. Researchers from Greece's largest labor union, the GSEE, say the country's three-year crisis has left nearly two-thirds of private sector employees without receiving their regular salaries.

(AP)

Enlarge Photo

Sponsors
Select hotel by map and save 75% in thousands
hotels in Canton, Beijing and 500 cities in China.
Buy cheap eyeglasses online and save up to 80% over regular retail price when you buy prescription eyeglasses at cheapglasses123.com.
Myreviewsnow.net offer you the power of making informed purchases before you buy, with product reviews and online consumer myreviewsnow.net.
Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
EyewearCanada.com offers prescription glasses from $5.95. 100% Satisfaction guaranteed.
The best place to buy custom tailored prom dress for your big day is at JennyJoseph.com
"JJshouse is the leading supplier of all kinds of dresses. You can buy your favorite prom dresses here."
Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
GlobalMarket.com is the largest China suppliers B2B directory can help you find quality made in China products, Promotional Products.
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search