Al Jazeera: Greek Unemployment to Top Spain

Source:Al Jazeera- welcome to Athens, Greece.

"Greece's government says it will run out of money next month unless it gets the next batch of international bailout money - which is dependent on painful austerity measures.  The finance minister has presented the 2013 budget which includes $21bn in cuts, mainly from pensions and public sector wages.  Greece's unemployment rate could break EU records, surpassing even Spain which hit 25.8 per cent in September.  Al Jazeera's Nadim Baba reports." 

From Al Jazeera 

"Al Jazeera (Arabic: الجزيرة Al-Jazīrah [æl (d)ʒæˈziːrɐ], lit. 'The Peninsula') is a Qatari state-owned[a] Arabic-language international news television network. It is based in Doha and operated by the Al Jazeera Media Network.

The patent holding is a "private foundation for public benefit" under Qatari law.[3] Under this organizational structure, the parent receives funding from the Qatari government while maintaining nominal editorial independence.[4][5] At the onset of the Qatar diplomatic crisis in 2017, several national governments of the Arab League called for the closure of the entire Al Jazeera conglomerate as part of a list of thirteen demands that were presented to the Qatari government in exchange for re-normalized relations.[6] Al Jazeera has been accused of pushing "Qatari propaganda" by many countries and organizations, including those in the Arab world." 

From Wikipedia

A big problem that Greece has right now with its deficit and debt, is that their government is simply too big doing too much for the Greek people. Greeks expect way too much from their government. Which might be find when times are good and maybe they can bring in the taxes to pay for it. But when times are bad or real bad, it leads to high debt and deficits because the economy is way too slow to finance such a large socialist government that Greece has. Which is why they are being forced to not only cut the size of the Greek Government but to reform it so the Greek people are doing more for themselves and being less dependent on the Greek Government to support their lives. 

But the good news is that with more privatization, comes more tax revenue to fund the things that the Greek Government should be doing for its people. So Greece right now needs to cut, reform and generate more economic growth, so more Greeks are working and collecting less public assistance.