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The Greek Current
The Greek Current

How Greece slashed its unemployment rate

One of the key figures that captured the hardship of the decade-long economic crisis in Greece was the unemployment rate, which peaked at 28 percent in the summer of 2013. Today, the latest statistics show that Greece’s unemployment rate has fallen below 10 percent for the first time since the onset of the crisis. Yiannis Mouzakis, the co-founder and editor of Macropolis.gr, a political and economic analysis site that focuses on Greece, joins Thanos Davelis to break down how Greece brought down its unemployment rate, and how it can keep this momentum going. 

Read Yiannis Mouzakis latest analysis here: How Greece reduced its unemployment rate to less than 10 pct

You can read the articles we discuss on our podcast here:

US hits Turkish and Chinese companies over Russia trade

Israel says it helped foil Iranian-ordered attack on Israelis in Cyprus

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Greece leads pushback against Turkey and Libya's farcical maritime "deal"

“Geography cannot be rewritten … and sovereign rights cannot be erased by drawing arbitrary lines on a map.” Those were Prime Minister Kyriakos Mitsotakis words at the UN Security Council this week, as he held up a map showing Turkey and Libya’s “illegal” and “arbitrary” maritime deal.This agreement is back in the headlines these days after Libya’s House of Representatives dropped its...

Is France the "new Greece" of Europe? Protests, rising debt, and the lessons from Greece's crisis

A weekend of widespread protests and riots in France has put the spotlight on the many challenges facing the country, from political paralysis to a looming debt crisis. Some pundits and observers are even asking if France, the Eurozone’s second largest economy, is the new Greece of Europe, an ode to Greece’s debt crisis in the 2010s. While this comparison misses the mark in many ways, Europe is...

Conflict in the Horn of Africa, the Turkey factor, and why it matters for Greece

This week we’re turning our attention to the Horn of Africa, where a long-simmering conflict in Ethiopia recently exploded into open war. The situation is grim, but it’s not limited to Africa’s second most populous nation. Eritrea has been pulled into the conflict, Sudan’s civil war is right next door, and on the other side of the Red Sea the Iran-backed Houthis in Yemen continue to strike the...