Greek ‘Brain Drain’ Hurts Economy
World Economy

Greek ‘Brain Drain’ Hurts Economy

With Greece’s creditors expected to arrive in Athens this week to assess its progress on economic reforms, another looming crisis could seriously harm Greece long-term, NewsNow reported. The Greek “brain drain” is leaving the country short of highly skilled technical experts. An estimated 200,000 qualified professionals have left Greece in the past two years to try their chances elsewhere, a 300% increase versus pre-crisis times, according to a study by Endeavor, a non-profit organization that supports entrepreneurial efforts. That comes on top of the 350,000 Greeks who emigrated between 2010, when the crisis began, and 2013, according to official data. Almost 270,000 of them were young people aged between 20 and 39. With the government in Athens attempting to reform the pensions system, largely through a steep increase in social security contributions, the loss of talent is only likely to increase.


Short URL : http://goo.gl/BKzasf
  1. http://goo.gl/sQUfrr
  • http://goo.gl/KLpiql
  • http://goo.gl/RKj6Pf
  • http://goo.gl/opPfwD
  • http://goo.gl/pf3CI2

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...