x

Society

Greeks EU’s Most Pessimistic Over Economy, Jobs

June 15, 2018

To the surprise of perhaps no one in Greece, eight years of austerity has made Greeks the pessimistic in the European Union about their economic prospects and unemployment, with the jobless rate the highest in the 28-country bloc.

That was the finding of a survey in a Eurobarometer poll that also revealed that despite the hardships brought since Greece switched from the ancient drachma to the euro in 2002, that they don’t want to leave the Eurozone or the currency.

A punishing recession since 2009-10 continues to negatively affect Greek citizens’ attitudes, as the latter remain the most pessimistic of EU residents regarding their economic prospects and employment.

The sour mood in Greece was different from that in the rest of the EU where residents generally were happier with their prospects and the state of the union and thought their future would be better.

But 94 percent of Greeks said the situation for them was bad and 98 percent said the economy was, bad news for Prime Minister and Radical Left SYRIZA leader Alexis Tsipras who said he’s bringing a recovery without mentioning that, if it happens, it’s largely because he reneged on anti-austerity promises and buried Greeks with an avalanche of tax hikes, new taxes and pension cuts to satisfy the demands of international lenders.

Three bailouts of 326 billion euros ($378.65 billion) will expire on Aug. 20, leaving Greece to the mercy of the markets, with Tsipras pleading for debt relief, saying the country can’t pay back what it owes and that the debt is unsustainable – contradicting recovery claims.

The poll was commissioned by the European Commission and conducted in all EU member-states between March 17-28.

RELATED

ROME (AP) — Sixty-four people were missing in the Mediterranean Sea and several were rescued after their ship wrecked off Italy's southern coast Monday, United Nations' agencies said in a statement.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Wellness, Longevity, Gastronomy at Navarino Challenge 2024

ATHENS – The sports tourism and wellness event Navarino Challenge returns for its 12th year, October 18-20 at Costa Navarino and Pylos.

NEW YORK (AP) — New York’s top court declined Tuesday to hear Donald Trump’s gag order appeal, leaving the restrictions in place following his felony conviction last month.

NEW YORK (AP) — Singer Justin Timberlake was arrested early Tuesday and is accused of driving while intoxicated on New York’s Long Island, authorities said.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.