Sunday, November 19, 2017
News Roundup

Greek jobless rate at 26.8%

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ATHENS, Greece — Unemployment in Greece has climbed higher, reaching 26.8 percent in October, according to figures released Thursday.

The Statistical Authority said unemployment increased from the 26.2 percent in September 2012, and marked a significant jump from the 19.7 percent of October 2011. Young Greeks are the worst affected, with 56.6 percent of those aged between 15 and 24 out of work.

On Thursday, meanwhile, Socialist lawmaker Christos Aidonis quit the 7-month-old coalition government and declared himself an independent, protesting at the lack of action taken to investigate people on a list of Greeks with Swiss banks accounts for potential tax fraud.

Former Socialist Finance Minister George Papaconstantinou is facing a parliamentary investigation into his handling of the list of 2,000 Greeks who held accounts at HSBC bank in Switzerland until 2007.

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