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Greek unemployment hits 25.4%

Greece's unemployment rate scaled a new record of 25.4 percent in August from a revised 24.8 percent in July, the country's statistics service ELSTAT has said.

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European Central Bank 'by and large done' helping Greece

Mario Draghi said the European Central Bank is prohibited from providing direct aid Credit: EMILY WABITSCH/AFP/Getty Images

The European Central Bank (ECB) is "by and large done" helping Greece in its bailout because it is not permitted to provide direct aid, according to its president, Mario Draghi.

The ECB has resisted calls to take a 'haircut' on Greek bonds as they say this would be "monetary financing" which it is prohibited from doing.

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