Just 8 percent of Greece’s 1.27 mln registered unemployed receive benefits

Quoting figures supplied by Greece’s jobs bureau, the Manpower Employment Organization (OAED), the newspaper reports that 1,172,817 out of a total of 1,274,843 people in Greece registered as unemployed do not receive the monthly 360-euro benefit.

This means that just 102,026 jobless Greeks, or 8 percent of the total unemployed, enjoy financial assistance.

Those without jobs in Greece receive unemployment benefits only for the first 12 months they are out of work and even then only qualify for the monthly payment if they have amassed a certain amount of social security credits in previous years.

According to OAED, since 2014 the number of registered unemployed has risen by 45 percent, while the number of Greeks receiving benefits has plummeted by 47 percent.

Read the whole article here.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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