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Athens Macedonian News Agency: News in English, 14-07-10

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek unemployment rate unchanged at 27.3 pct in April
  • [02] BoG governor: Greece's recovery is not sustainable without new loans

  • [01] Greek unemployment rate unchanged at 27.3 pct in April

    ANA/MPA---Greek unemployment rate was 27.3 pct in April this year, unchanged from March, but slightly down from 27.5 pct in April 2013, with the number of unemployed people totalling 1,303,454 and the unemployment rate among young people -aged up to 24 years old- at 56.3 pct.

    The statistics service, in a report, said that the number of unemployed people fell by 26,944 in April compared with April 2013 (a decline of 2.0 pct) and by 1,266 compared with March 2014 (a decline of 0.1 pct).

    Greece's financially non-active population totaled 3,370,392, up by 17,095 compared with April 2013. The unemployment rate among women was 30.7 pct in April, down from 31.5 pct in April 2013, while the rate among men rose to 24.6 pct from 24.4 pct over the same periods, respectively.

    Unemployment mostly hit the 15-24 age group (56.3 pct from 58.9 pct in April 2013), the 25-34 age group (36.1 pct from 35.7 pct), the 35-44 age group (24.8 pct from 23.7 pct), the 45-54 age group (20.4 pct from 20.8 pct), the 55-64 age group (17.3 pct from 16.1 pct) and the 65-74 age group (8.6 pct form 10 pct).

    Macedonia-Thrace (28.6 pct) and Epirus-Western Macedonia (28.6 pct) recorded the highest unemployment rates among the country's regions, followed by Attica (28.1 pct), the Peloponese-Western Greece-Ionian Islands (26.4 pct), Thessaly-Central Greece (26.2 pct), Aegean (22.5 pct) and Crete (21.9 pct).

    l

    [02] BoG governor: Greece's recovery is not sustainable without new loans

    ANA/MPA---Greece's recovery is not sustainable without new loans, Bank of Greece (BoG) governor Yannis Stournaras said on Thursday.

    Speaking at a BoG's event, Stournaras underlined that so far Greece's recovery has not relied on bank lending, which was practically non-existent. However, he warned that this cannot continue anymore in Greece and in Europe, adding that the economy should register positive rates of credit expansion so that recovery will be sustainable.

    Stournaras said that the European Central Bank's (ECB) measures have boosted investor confidence.

    European Stability Mechanism (ESM) head Klaus Regling, who was the keynote speaker at the event, said that the Greek debt is sustainable; however, he called on the country to continue the structural reforms in order to further improve the competitiveness.


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