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Greece unemployment rate drops, France to continue support

Staff Writer |
Greece's unemployment declined further in June, with the jobless rate falling to 21.2% y-o-y compared to the downwardly revised reading of 21.5% in the previous month, data from ELSTAT showed.

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In June 2016, the respective rate was 23.5%.

The number of people out of work reached 1.01 million. The number of unemployed decreased by 10.2% y-o-y and by 1.3% m-o-m.

Job seekers aged 15-24 years old, and women remained vulnerable, with jobless rate averaging 43.3% and 25.3% respectively.

French President Emmanuel Macron said his government will continue to support Greece and hailed its reform efforts which should continue, he said. Macron also reiterated his call for easing the country's debt stock.

"The French government will continue its efforts so that Greece remains in the Eurozone," Macron said during a joint press conference with the Greek President Prokopis Pavlopoulos.

For his part, Pavlopoulos said that Greece will meet all its commitments but its European partners should keep their promise for offering debt relief measures.



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