Euro Zone Crisis: Why Young Spaniards Are Packing Up and Moving to Asia
Interesting article about the emigration of highly educated, young, unemployed professionals from Spain to Asian nations with booming economies. (I personally think ‘booming’ is a relative term, considering the continued slow down of China, et al.) The article also briefly touches on some of the immigration programs being put in place by these Asian nations to fast track the best and brightest young Europeans and get them to work.
That said, the emigration statistics out of Spain are pretty staggering:
According to Spain’s National Statistics Institute (NDI), the country’s rate of emigration has risen sharply in only a few years time. While the number of emigrants from Spain between 2009 and 2010 increased only 5%, in 2011 that figure shot up to 70%. In just the first half of 2012, departures from Spain increased 45% compared with the same period last year.