The West

Greek unemployment above 25pc
High School students protest against cuts to bus services.

The unemployment rate in Greece has risen to 25.1 per cent in July, from 24.8 per cent the month before, as the financial crisis continues to destroy jobs.

Greece's statistical authority said that 1.26 million Greeks were jobless in July, with more than 1000 jobs lost every day over the past year.

In the worst-affected 15-24 age group, unemployment was 54.2 per cent.

In July 2008, a year before Greece's acute financial crisis broke, there were only about 364,000 registered unemployed.

Greece is surviving on international bailout loans, granted on condition of harsh austerity measures to curtail the country's large budget deficits. The economy is set to enter a sixth year of recession in 2013.

The West Australian

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