Greece achieves greatest drop in unemployment in Europe

Greece achieved the greatest drop in unemployment in Europe, Greek Prime Minister Kyriakos Mitsotakis said in Parliament on Wednesday, during a discussion on an employment bill called “Jobs Again”.

Unemployment is the greatest threat, he said, the government is facing since coming to power. “Despite great obstacles, data shows that our efforts are paying off: from the summer of 2019 to February 2022, unemployment dropped from 17.2% to 12.8%. It’s the greatest drop in Europe, and means that over 200,000 new jobs were created and we surpassed the landmark of 4 million employed.”

Mitsotakis noted however that the improvement in indicators was not a cause for celebration, as Greece continues to have the second highest unemployment rate in Europe after Spain, “and a chronic problem of low wages.”

The negative forecasts by the main opposition that the pandemic would lead to a burst of layoffs and a rise in unemployment were proven wrong to the benefit of employees, the premier added, commenting also on the low attendance rate of opposition parties at the Parliament discussion, particularly that of Movement for Change (KINAL).

The government tried to resolve the rise in household expenditures that resulted from energy price hikes, the Greek premier said, noting that a 200-euro subsidy for low-income families will be disbursed starting next week, while the government raise of the minimum wage will be effected as of May 1.

As he said, the bill on boosting employment was an attempt to refocus on linking the needs of businesses with specialized services offers, and upgrade skills in order to distinguish between those who really need state support and those who need to improve their skill sets.