1. 26.8 PERCENT

    Greece Unemployment at Record High

    A protester waves a Greek flag during a union protest outside Parliament in Athens, Wednesday, Nov. 14, 2012. Workers across the European Union sought to present a united front against rampant unemployment and government spending cuts Wednesday with a string of strikes and demonstrations across the region (AP Photo/Petros Giannakouris)

    Petros Giannakouris / AP Photo

    The ongoing Greek tragedy takes another bleak turn. New data reveal the latest unemployment rate for Greece has soared to 26.8 percent—the highest rate ever recorded in the European Union. The data, which cover October 2012, show Greece surpassing Spain, awarding it with the undesirable title of most unemployed country in Europe. Greece has been struggling financially since 2009, forcing it to pass strict austerity measures in 2012 that included canceling Christmas. The country is now relying on $315 billion in rescue loans coming from the European Central Bank, the International Monetary Fund, and the European Commission.

    Read it at BBC