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04.03.2017 - 21: 59

Greece asks World Bank to allocate € 3 billion to fight unemployment

The Greek authorities asked the World Bank to allocate € 3 billion that will be spent on the fight against high unemployment in the country. This was reported by the newspaper The Wall Street Journal.

According to representatives of the Government of Greece, Athens plans to use the funds to create in the country over the next three years, about 100 thousand. Jobs a year.

At the same time, they recognized that to convince the World Bank to allocate funds will not be easy. As the newspaper notes, the institution usually provides financial assistance only for developing countries, while Greece is a developed state.

Representatives of the World Bank confirmed the receipt of the request from Greece and was told that he would be considered in the normal way.

"The government of Greece has sent a request to the World Bank to provide the country with technical and financial support to combat this urgent problem, as long-term unemployment, as well as to help increase its economic competitiveness and economic growth", - the newspaper representative words.

The publication notes that in the past year the number of unemployed in Greece gradually began to decline, and the unemployment rate is still high, it is a mark of 23%. This is more than twice the average for the EU.

A source: TASS

Tags: Greece, Economy, Banking, Unemployment