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Markets, in the doldrums since Greece's election stalemate, partially rebounded Thursday, with shares on the Athens Stock Exchange up 2.15 percent at 628.64 in early afternoon trading. But new unemployment figures released Thursday showed the jobless rate reaching 21.7 percent in February, after more than 900 people lost their jobs every day on average in the prior 12 months. In return for billions of euros in rescue loans from other European Union countries and the International Monetary Fund, Greece imposed harsh austerity measures that saw salaries and pensions slashed, tens of thousands of people lose their jobs and businesses close down. Anger at the past two years of austerity and the deep financial crisis saw voters desert the formerly dominant two main parties and flock to smaller parties on the right and left. Syriza saw a strong boost, bringing the party into second place with 16.8 percent. "The people have punished PASOK, because they considered it responsible for the crisis," Venizelos said. But, Venizelos said the election result was a clear message that the Greek people rejected the dominance of any one party. "It is clear from the result that the people want a coalition government, handing no clear mandate to any single party," Venizelos told his party's deputies. "The Greek people want to remain in the euro."
[Associated
Press;
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