Dr. Benny Peiser08.11.2012 18:58
Greek unemployment rose to 25.4pc in August. Youth unemployment rose to 58%. Under the official forecast, the economy will contract by a further 4.5pc next year, so it is fair to assume that lots more people are going to lose their jobs. It is certainly not going to improve in any meaningful way for years to come. This is what happens when you lock into the wrong currency and block the escape routes – or join a “burning building with no exits” in the words of William Hague.
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