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Greece crisis is short-lived? Greece never recovered from the crisis. Employment in Greece in 2010: 4.6 million. Employment in Greece now: around 4.0 million.
by csomar 4y ago
Greece crisis is short-lived? Greece never recovered from the crisis.
Employment in Greece in 2010: 4.6 million.
Employment in Greece now: around 4.0 million.
Sure the unemployment rate has gone "down". That's because the youth gave up and simply moved from Greece. The GDP per capita will improve because of that but their GDP in constant prices never recovered (and is around 2002-2004 levels).
- wahern 4y agoThe crisis itself pertained to bond defaults, and in particular the reverberations through the international financial system. But the extra context you've provided only drives home my point: facial nominal figure comparisons are worthless.