Greek unemployment reaches new record in July, at 25.1 pct

ATHENS Thu Oct 11, 2012 10:05am BST

ATHENS Oct 11 (Reuters) - Greece's jobless rate rose for the 35th consecutive month in July, scaling a new record of 25.1 percent from an upwardly revised 24.8 percent in June, the country's statistics service ELSTAT said on Thursday.

Greece's crippling, austerity-fuelled recession continued to take its toll on the labour market, putting Greek unemployment at more than double the euro zone average of 11.4 percent in July.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.