The Eurozone financial crisis is now plunging deep, as the recession has tightened and unemployment has soared. European governments, currently working on austerity measures, are looking for budgetary adjustments to escape from this gridlock. The European Commission has forecast a 12.2 percent bloc-wide unemployment this year, with Greece and Spain on top with the unemployment rate at 27 percent.
Greece, which had seen a lull in financial growth in 2008 has got worse ever since. The debt ratio stood higher than the GDP figures in the currency region. Based on the reports published on Thursday by the state statistics agency, the debt ridden Greece has posted a record 26 percent in unemployment during the last quarter of 2012.
That was 20.7 percent in the previous year. Analyzing the third quarter of this year, the number of the jobless citizens was up 24.8 percent. Taking the last three months of the previous year, the people counted 1.29 million (specifically 1,295,535) as unemployed and 3,681,926 with jobs.
Reaching the last quarter of 2012 marking the highest percentage of unemployment, the ratio is bended a bit higher for the women in Greece.
The report shows 29.7 percent of women as jobless, with men falling to 23.3 percent. Among the unemployed, 57.8 percent represented youth belonging to age group 15-25. The country is currently running on financial aid supported with international loans.