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Thank you for your Padlet submission.  The articles are interesting and analysis indepth.  The problem with Greece is complex with inherent economic and political problems.  They are also part of the European Union which does not allow them to solve their financial debt easily as they need consensus from other member countries for any economic decision making.  All the more, the Greek population are not receptive to austerity measure, i.e. drastic measures to reduce spending on Unemployment, health, education and pension.  You can mention these in your report.

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Thank you for your Padlet submission.  The articles are interesting and analysis indepth.  The problem with Greece is complex with inherent economic and political problems.  They are also part of the European Union which does not allow them to solve their financial debt easily as they need consensus from other member countries for any economic decision making.  All the more, the Greek population are not receptive to austerity measure, i.e. drastic measures to reduce spending on Unemployment, health, education and pension.  You can mention these in your report.

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(This shows the changes in the unemployment rate in Greece.)

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ATHENS (Reuters) - Greece's jobless rate eased to 24.2 percent in February from 24.4 percent in the previous month, statistics agency ELSTAT said on Thursday.

The number of officially unemployed reached 1.158 million people. Hardest hit were young people aged 15 to 24 years though their jobless rate dropped to 51.4 percent from 51.8 percent in the same month a year earlier.

February's reading, based on seasonally adjusted data, was the lowest since May 2012 when unemployment stood at 24.1 percent. The jobless rate hit a record high of 27.9 percent in September 2013.

Unemployment has come down from record highs but remains more than double the euro zone's average of 10.2 percent in March.

Greece's economy expanded slightly in the last three months of 2015 as national output grew 0.1 percent quarter-on-quarter, driven by private consumption and investment. It shrank 0.3 percent in the year as a whole.

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Greek unemployment drops to 24.2 percent in February

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ATHENS (Reuters) - Greece's jobless rate eased to 24.2 percent in February from 24.4 percent in the previous month, statistics agency ELSTAT said on Thursday. The number of officially unemployed reached 1.158 million people. Hardest hit were young people aged 15 to 24 years though their jobless rate dropped to 51.4 percent from 51.8 percent in the same month a year earlier.

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(This shows the changes in the Inflation Rate in Greece.)

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Greek inflation returned in December, ending almost three years of non-stop price declines during the country's economic and political crisis.

The 0.4 percent increase, based on an EU measure, followed a 0.1 percent drop in November and marked the first positive reading since February 2013, according to a statement from the Hellenic Statistical Authority. The median estimate of four economists in a Bloomberg survey was for a 0.2 percent increase last month.

While the positive reading is one more incremental step on the country's return toward normality after one of the most turbulent periods in its economic history, the price increases were driven by new sales taxes. Those were introduced in August as part of the country's third bailout agreement.

"The increase is almost exclusively due to the increase in indirect taxes, which went from 13 to 23 percent on a lot of basic goods," said Ilias Lekkos, chief economist at Piraeus Bank SA in Athens. "We're now slowly seeing this drip-feed into inflation."

The return of inflation in Greece moves the country above the average for the euro area, where consumer prices rose an annual 0.2 percent in December.

It recalls the early years of the nation's debt crisis, when sales-tax increases to bring down the country's deficit drove inflation to as high as 5.7 percent in September 2010.

The biggest price increases in December were in food and non-alcoholic beverages, which rose 2.7 percent, and hotels, cafes and restaurants, up 2.5 percent. The main deflationary drag came from housing costs, including heating oil, which fell 3.8 percent.
- With assistance by Eleni Chrepa, and Simbarashe Gumbo

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Inflation Returns to Greece After Three Years of Falling Prices

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Greek inflation returned in December, ending almost three years of non-stop price declines during the country's economic and political crisis. The 0.4 percent increase, based on an EU measure, followed a 0.1 percent drop in November and marked the first positive reading since February 2013, according to a statement from the Hellenic Statistical Authority.

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(This shows the changes in the GDP Growth rate in Greece.)

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TRADING ECONOMICS | 300.00 INDICATORS | 196 COUNTRIES

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Get Free Economic Indicators Charts, Historical Data and Forecasts for 196 Countries.

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-Inflation Rate

-Unemployment

-GDP