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Greece : Triumth in small business
  • Vitaliy_KiselevVitaliy_Kiselev

    Highlighting the impact of Greece’s recession on small and medium-sized enterprises, the latest labor market data showed that the country’s 252 biggest employers provided work to one-quarter of the private sector’s total work force.

    The IKA figures showed that the number of enterprises employing between one and five persons decreased from 206,615 in 2008 to 164,245 in 2013, a contraction that led to 66,531 job losses.

    The data also showed that 42.29 percent of private sector firms provided a mere 5.25 percent of total employment in the private sector.

    The labor market’s dire situation raises serious questions as to how the private sector can return to a path of recovery following the loss of some 940,000 jobs over the past six years of economic crisis.

  • 5 Replies sorted by
  • nikiniki

    what's the solution?

  • Vitaliy_KiselevVitaliy_Kiselev

    what's the solution

    soap and rope?

  • nikiniki

    a clean start with more EUROS in the banks of all the countries involved in the Euro crisis to stimulate growth and get people back to work….

  • PapaRomeoPapaRomeo

    To borrow Stacy Herbert maybe we, the people, are like horses - no longer needed for work. This of course is a huge problem for us who depend on labor based income.

  • Vitaliy_KiselevVitaliy_Kiselev

    a clean start with more EUROS in the banks of all the countries involved in the Euro crisis to stimulate growth and get people back to work….

    Adding money can not solve fundamental issues.

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