Essay --

INTRODUCTIONFor this assignment, I will be guidance on the unemployment situation in Greece. The reason why I charter unemployment in Greece is because the country is facing a high unemployment rate of at least 27.8% in October 2013, the highest jobless rate in the entire subject of Europe. Greece high unemployment started as early as 8.5% in 2009. This is the sixth course of instruction that Greece has seen its recession. Unemployment in Greece is also a major problem for the economy as this will decrease the production rate of the country therefore let down the countrys GDP CAUSES OF UNEMPLOYMENTThe country now has 1.5 million of its people with no jobs. In the 27.8% of population being unemployed, 64.9% of the population ar juvenility between the age of 15-24 years old. Grecian youth unemployment has reached to the highest percentage of at least for the last six year, reaching the highest record for the last decade. Greece is in a debt crisis after the election on 2009 which resulted the opposition Pasok socialist caller to win, making George Papandreou to takes over as new prime minister. On January ring 2010, the government announces of 2 more austerity measures. Austerity measures argon formalized actions being taken by the government during the period of adverse frugal situation. It is to reduce budget deficit by using a combine of spending cut or increasing the tax. However the austerity measures are resulted by facing a mass protests and strikes by the public. The strikes grew as oversize as 10 thousand people in early 2011. On the February of 2011, the protesters march on to parliament to counter government efforts to pass on the new austerity laws. Majority of the protesters are students between the ages of 15-24 who are lookin... ...vicious cycle ends in 2014. Greece will return to the markets, it will start to become a normal country again. The debt will be declared viable, without the sine qua non of impart agreements, with out the need to borrow money, The government officials also mention that the countrys largest tax dodgers owe around 13 billion in buckshee tax. CONCLUSIONIn conclusion, I would assume that the economy crisis in Greek will not end quickly. The worst of Greek economy may probably be over, but the recovery will still need some years. The governments are still attempting to solve the economic crisis and the population are still attempting to seek for work. Greece debt issue and unemployment should start to fall in 2014, and may even have economic growth by the end of 2014. And if the tax dodger would not avoid paying their taxes, the economy condition may recover a lot faster.