Greece might not recover within the Eurozone

Note: This section contains information in English only.
Source: The Guardian

The situation in Eurozone worsens and unemployment rises, exceeding 11%. The European Union continuously forces Greece to introduce more austerity measures. The country already cut public spending significantly, trying to deal with budget deficit. However, the economy continues to contract and the country could soon become unsustainable. The output for 2012 is likely to fall by 7-9%, while in the following year contraction might amount to 10%. Moreover, the unemployment stays really high, 23%, while among the youth 52% are jobless.

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