Thursday, June 7, 2012

unemployment in Greek rose to 21.9 percent

Greece's statistics agency says unemployment in the country rose to 21.9 percent in March, spiking from 15.7 percent in the same month last year and up from 21.4 percent in February.

Greece has been struggling through a vicious financial crisis for the past two years, and has been relying on billions of euros (dollars) in international rescue loans from other eurozone countries and the International Monetary Fund since May 2010. In return, it has made deep spending cuts and imposed major tax hikes, leaving the country mired in a deep recession.

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