As youth unemployment in Europe continues to rise, young Spaniards are leaving for Latin America and Miami in the U.S., where the Spanish speaking community outnumbers English speakers; Portuguese are heading to Brazil, Angola and East Timor; and young Irish and Greeks are opting for Australia, which has large diaspora communities from these two countries.
Numbers from Europe’s statistics agency captures the migration that is under way.
The number of 20- to 29-year-olds fell by 8.8 percent year-on-year in Ireland, by 4.3 percent in Spain and by 3.5 percent in Portugal in the second quarter of 2012, according to Eurostat data.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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