Earlier this week, the Bank of Greece confirmed government forecasts that the economy would contract by more than 6 percent this year, and by a further 4-4.5 percent next year. By the end of 2013, the economy is expected to have shrunk by 25 percent in six years.The effects are most visible in the unemployment rate, which stood at just under 10 percent just before Greece's financial crisis began in late 2009. Since then, jobs have been vanishing at a pace of almost 1,000 a day.
Greece Jobless Rate Up To 26 Percent
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