More than three years into an economic crisis that has threatened to tear Europe apart, one country is still on a hiring spree, and it is pulling away the best and the brightest workers from its neighbors along the way.
Thousands of professionals from recession-struck Spain and Greece have been streaming into Germany, where joblessness remains low, and some say they may never leave. The migration is the biggest test yet for the European Union’s promise to wipe away economic barriers between nations, as the best-trained workers from weak countries leave home in the greatest numbers since the bloc was forged.
Now, the new right to work anywhere is bumping against old prejudices about crossing national lines. There are new strains in the partnership, with some Germans fretting about the influx and Spanish and Greek policymakers worried that their best hope for recovery is vanishing one plane ticket at a time.
The movement into Germany — a flow that has become so intense that the country has halted a decade of population decline — is just the latest development in a process that has seen Europe’s richer countries strengthen even as the poorer ones become increasingly hollowed out. While Spain, Greece and Portugal struggle to create new prospects at home, the people and companies best able to help them are fleeing for more stable opportunities elsewhere.
Choosen excerpts by Job Market Monitor from