Greece has been mired in a steady economic decline for the past 4 years, reaching a new low this month with nearly 27 percent overall unemployment and youth unemployment upwards of 62 percent. Austerity, the alleged panacea for Greek economic woes, does not appear to be working as businesses and capital continue to leave the country. The crisis
Greek Abyss Deepens As Economic, Political Situations Worsen
Greece’s steady economic decline reached a new low this month, while human rights groups point to increasing abuses.