The unemployment rate in Greece was last reported at 24.4 percent for this past June, according to official figures released September 6. This means that almost one out of every four Greek citizens seeking work cannot find a job. According to Trading Economics, "Historically, from 1998 until 2012, [the] Greece Unemployment Rate averaged 11.57 percent." Just one year ago it was 11.6 percent.
Unsurprisingly, the level of unrest in the country is increasing daily. Yesterday, 50 members of the Greek Police Officers’ Association — protesting government-ordered budget cuts to their salaries and pension benefits — actually picketed police facilities in northwest Athens and blocked riot police buses heading to the city of Thessaloniki.
LifeSiteNews reports that the European Court of Human Rights has found that an Italian law that prohibits genetic screening of in vitro embryos “…violates the right to respect for private and family life.” Consequently, the court found that the Italians law violates Article 8 of the European Convention on Human Rights.
The ruling drew strong support from far-left politicians such as Nichi Vendola, a homosexual activist who called the decision a “wise judgment.” But Maurizio Sacconi, a former welfare minister in Italy who served in the center-right coalition, said, “I’m sure that the Italian government will appeal against the judgment. The defense of a state law is a must in principle and in this case also justified on the merits. Italy cannot in any way, in the absence of conscious parliamentary will, surreptitiously take the path of genetic selection.”
Metro London police are standing down and will not be storming Ecuador’s embassy according to a statement made by Ecuador’s President Rafeal Correa. "We consider this unfortunate incident over, after a grave diplomatic error by the British in which they said they would enter our embassy," Correa said on Saturday in a weekly media address.
The July data for the coalition government of the United Kingdom show corporate tax collections below estimates and government spending over estimates, increasing speculation that more government spending reductions may be near in order to reduce the national deficit.
Britain may also be facing what a number of other European nations have endured over the last several years: a downgrading of credit rating of government bonds, raising the interest rates which must be paid. Currently the UK has a comfortable AAA credit rating; however, if there is a significant increase in government borrowing, that could change.