[MGSA-L] Brain Drain from Greece

June Samaras june.samaras at gmail.com
Wed Jul 20 21:11:07 PDT 2016


Brain drain amounted to 223,000 people in 2008-2013

A special study by the Bank of Greece on Wednesday showed that 223,000
young people left the country from 2008 to 2013 in search of a better
future abroad, constituting the so-called “brain drain.”

The results of recent research point to the vast majority of people aged
between 25 and 39 years who left the country in the first five years of the
Greek recession being single and with a university degree. The young Greeks
left not only due to unemployment and adverse economic conditions but also
because of state’s failure to provide and generate opportunities for
professional evolution.

The Bank of Greece study revealed that the momentum and magnitude of the
phenomenon makes it essential to record its characteristics and to
investigate the factors that are in play before analyzing the negative
consequences for the local economy.

The main characteristic identified is that it mainly concerns the section
of the workforce that is healthy, educated and specialized, and has high
mobility and employability rate.

The central bank also attributed the growth of the brain drain to the
failure of the local education system to produce high-quality human capital
and to the inability of the domestic economy to hold on to and attract
talented workers.

June Samaras
2020 Old Station Rd
Canada L5M 2V1
Tel : 905-542-1877
E-mail : june.samaras at gmail.com
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