Nearly 17K jobs lost to capital controls in July

SYRIZA govt’s ‘month of doom’ proves disastrous for job market; Q2 saw GDP growth of 1.6%

Layoffs and redundancies were one of the most prominent results of the SYRIZA government’s imposed capital controls in July, with no less than 16,700 job spots lost as a result — the worse result since 2001.
Additionally, another 40,000 working people were shifted to part-time work from full-time employment, in a month-on-month change.
Capital controls and closed banks, which followed a surprise referendum and a subsequent signing of a third bailout memorandum by the embattled radical leftist SYRIZA government, came after the Greek economy posted a decent growth figure for Q2.
GDP rose 1.6 percent in the second quarter of 2015, up from an estimate of 1.4 percent, the Hellenic Statistical Authority announced on Friday.