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Greek jobless figures surge

2014-01-11 35 Dailymotion

Unemployment in Greece has hit a record high of 27.8 percent and the government is expected to eliminate permanent jobs, just as the country assumes the European Union's six-month rotating presidency.<br /><br />Some younger Greeks, seeing no opportunities in the public sector, have decided to take risks by starting their own businesses.<br /><br />Others shy away from such risky jobs and, with banks cash-strapped, there is not enough capital for new investments to pick up labour as quickly as it is being shed. John Psaropoulos reports from Athens.

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