Greece overtakes Spain to have the highest level of unemployment in Europe
Unemployment rate has almost tripled since September 2009Labor union now predicts jobless rate will reach 29 per cent next year Greek economy is now in its fifth
year of recession
Expected to have shrunk by almost a quarter
before recovery begins in 2014Riots in Athens and Thessaloniki to mark the fourth anniversary of a deadly police shooting
17:13 GMT, 6 December 2012
Unemployment in Greece climbed to a new record of 26 percent in September, topping that of Spain to become the highest in the euro area.
Greece’s jobless rate has almost tripled since September 2009, driven higher by the global financial crisis and severe austerity policies imposed by the bailed-out country’s international lenders.
The Greek Statistical Authority said that 1.295 million people were recorded as being unemployed in September, pushing up the jobless rate up from 25.3 the previous month and 18.9 percent a year earlier.
Hard times: A policeman walks by a homeless beggar during a rally in Athens
today. Unemployment in Greece has climbed to a new record of 26% in
September, topping that of Spain to become the highest in the euro area
The country's largest labor union, the GSEE, has predicted the jobless rate will reach 29 percent next year.
Unemployment is more than double the euro zone average of 11.6 percent, edging past the rate in struggling Spain, which was 25.8 percent in September, according to data from European statistics agency Eurostat.
The Greek economy is now in its fifth year of recession and is expected to have shrunk by almost a quarter before recovery begins in 2014, according to the country’s central bank.
Policemen pass a closed branch of Alpha Bank. Greece's jobless rate has almost tripled since September 2009, driven up by the global financial crisis and severe austerity policies imposed by international lenders
High school students clash with riot police in the northern port city of Thessaloniki, on the fourth anniversary of the deadly shooting of 15-year old Alexandros Grigoropoulos by police
This has taken its toll on the labour market, especially for the young. Unemployment among those aged 15-24 stood at 56 percent in September, compared with 22 percent in the same month four years ago.
A record 1.3 million Greeks were without work in September, up 38 percent from the same month last year, ELSTAT said.
Spain’s unemployment was 26.2 percent in October, according to Eurostat.
The conservative-led government is finalising a major tax reform bill, demanded by rescue creditors as one of several conditions for continued payments.
Casualty: A protestor suffering the effects of tear gas is detained in Athens during student protests
Riot police run for cover as protesters throw petrol bombs during a student's rally in Thessaloniki Greece second largest city
It has promised to try and stem the country's punishing recession, but last month introduced another round of austerity measures.
Savvas Rombolis, head of labor research at the union, told private Skai radio: 'According to our calculations, the recession next year will be between 5 and 5.5 percent … The money being taken out of the economy due to higher (taxes) is driving the recession.
'So more businesses will close, more people will lose their jobs, and fewer graduates will find work.'
In Athens and Thessaloniki today police fired tear gas and stun grenades at protesting high school students during rallies to mark the fourth anniversary of a deadly police shooting that triggered major riots.
Students try to escape from police by scrambling over a metal fence in Thessaloniki where around 1,000 people took to the streets
Around 2,000 people, mainly studenmts, took to the streets of Athens on the fourth anniversary of the shooting of 15-year old Alexandros Grigoropoulos
Arrest: A student protester is forced to his knees during major riots, on the streets of Athens
The teenage protesters hurled petrol bombs and rocks in Athens, where about 2,000 people marched to parliament chanted: 'Cops, Bastards, Child Killers.'
Three youths were detained for questioning, police said, while a bystander's clothing briefly caught fire but she was uninjured.
Police also said a clothing store was looted and a private armored security van was attacked during the brief clashes.
Riot police line the streets during protests in Athens. The police officer convicted of the shooting of Fifteen-year old Alexandros Grigoropoulos was jailed for life in 2010
In Athens three youths were detained for questioning, police said, while a bystander's clothing briefly caught fire but she was uninjured
Attacks: Police also said a clothing store was looted and a private armored security van was attacked during the brief clashes
There were also clashes in Thessaloniki, Greece's second largest city, where about 1,000 students gathered.
Fifteen-year-old Alexandros Grigoropoulos was shot dead by police in central Athens on Dec. 6, 2008, sparking riots in Greek cities that lasted nearly three weeks. The police officer convicted of the shooting was jailed for life in 2010.