More Brain Drain? Greek Traffic to a U.K. Jobs Site Has Surged

For down and out Greeks, the U.K. is the promised land with jobs aplenty.

Greece was already suffering from a bad case of brain drain but recent debacles, which ushered in capital controls and almost got the country ejected from the euro, have turbocharged the pace of human capital flight. Direction of travel: west across mainland Europe and the English Channel.

Data provided by U.K. jobs site CV-library.co.uk shows that visits to its website from Greek workers last week more than doubled from a year ago and that traffic from Greece has hit an all-time high. Based on weekly growth rates, CV-library expects the overall number of Greek workers searching its site for U.K.-based employment to double from June to July.

Bloomberg

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.