Greek unemployment rises above 25%

Unemployment in Greece hit a record high of 25.1% in July as the country's financial crisis continues to exact its heavy toll, official figures showed Thursday.


All indications are that unemployment in Greece will continue to rise. The economy has shrunk by around a fifth since the recession started in 2008 and youth unemployment has pushed far above 50%. The economy is expected to enter a sixth year of recession next year. (AP)