Bloomberg — No matter what Brexit might have in store for foreigners, the U.K. remains a powerful magnet for youth from Italy and Greece looking for a job and a better future. It’s less so for their peers in Spain and Portugal.
Greece, Spain and Italy have the highest youth unemployment rates in the euro region, according to the latest data from the European statistics office Eurostat.
“For many Italians and Greeks, the benefits of emigrating are still higher than the costs of abandoning their home country,” said Tommaso Frattini, an associate professor of Economics at the University of Milan. “The gap with other euro-area nations is significant and seems to mirror the two countries’ weak recovery — Spain is currently growing at a substantially faster pace than Britain,” said Frattini, who co-authored a 2014 study on EU migrants to Britain.
The U.K.’s labour market and social benefits system have long been attractive to young people from southern Europe.
In the eight years though 2015, when record-long, double-dip recessions shrank the two nations’ economies and destroyed millions of jobs, 257,000 national insurance numbers were assigned by U.K. authorities to Italians and almost 54,000 to Greeks. In the same period, about 266,000 Spaniards and 167,000 Portuguese also successfully applied for the job permit.
Italy is keen on “multiplying the opportunities for those who are willing to come back,” Prime Minister Paolo Gentiloni said on Sept. 19, speaking at an event at New York University. “We are trying to do this and it is not easy.”
But Greek university graduates who have left Greece are not interested in returning to work as civil servants.
Greek Prime Minister Alexis Tsipras in an effort to stop Greece’s brain drain made an offer of jobs in the public sector to university graduates who have moved abroad.
However, according to a BrainGain online survey, 71.66% of young Greeks who live and work abroad, responded negatively to the question, “Would you return to Greece for a job in the public sector?”
When asked why they would not return to Greece to work as civil servants, 33.15 percent said because of lack of meritocracy, 24.43 said the salary would not be sufficient for a good standard of living, 19.26 percent replied they do not like to return to Greece, 18.62 percent said they would not advance in their career in Greece, and 4.54 percent said they would not work in their field if they return.