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Half a decade of austerity, political changes have ravaged the country's employment scenario.
Today's release revealed that unemployment dropped marginally in April but remains staggeringly high at 25.6%.
While European creditors and Greek government remains at logger head over whether or not to accept new reforms as doubts remain whether or not they will be enough to bring growth back in Greece.
Greece as of now, has very high debt to GDP ratio, close 180% of GDP which according to IMF remains unsustainable so reforms are required. There could be two ways to reduce the ratio, either cut spending, reduce costs, straight jacket budgets so that enough primary surplus is generated to pay off the debt or the second path take up policies which would increase the GDP.
A country can't grow if more than quarter of the work force lacks access to employment. 53% of the young generation doesn't have access to employment. Almost 30% of the country's females are without jobs.
This brings us to this moment of asking are these really worth just for the sake of a single currency.
