Greece: austerity will push unemployment to 31.5%, union

06 September, 13:28

    (ANSAmed) - ATHENS, SEPTEMBER 6 - Greece's main private sector workers union GSEE said in a report that three years of austerity measures have cost its members 37 billion euros and will push a record unemployment rate of 27.6% to 31.5%. The estimate, as GreekReporter writes, includes pay cuts and tax hikes imposed by the government on the orders of international lenders to write down the country's staggering 300 billion euros debt. The report claimed austerity has been a flat-out failure although the government said by squeezing workers it's getting closer to economic stability and recovery. GSEE said the Greek welfare state is being turned into a charity state and called for the reduced minimum wage to be increased again.(ANSAmed).

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