ANA/MPA. Recall that the Greek economy is going through the hardest times since joining the euro zone in 2001. As a result of 2009 budget deficit of Greece has reached exorbitant 13,6% of GDP. However, in early 2010, the deficit fell to 9,1% of GDP. Nevertheless, investors around the world are still concerned that the Greek debt crisis could escalate into a crisis for the entire eurozone.
The Greek "austerity measures" include raising taxes and excise taxes, freezing salaries for state employees, cutting the "thirteenth" salary, the abolition of a number of allowances for pensioners, the reduction of superannuation by 7% in 2030 and other measures.
Unemployment in Greece in May was 12%, to restrain close to the ten-year highs in February this year (12,1%).
As the message of the Greek Statistical Service, the official unemployment in May this year the number of 32,5% of young people, whereas a year ago they were 25%.
According to analysts, given Statistics Bureau data indicate a deepening recession in the economy against the background of the debt crisis and the tightening of fiscal policy.
