The Greek brain drain

Despite the government’s efforts to promote the “Greek success story”, a Kappa Research study on the impact of the rampant unemployment was published in the Sunday edition of To Vima indicates that nearly seven out of ten Greeks (69%) believe that things will get worse, while only one in four (25%) believes the worst is over.

The study highlights the uncertainty amongst the people with 52% responded that it does not know if it “will make it”, while only 46.5% appears confident that it will overcome the crisis. This pessimism over the country’s future is also illustrated in that 56% claim they would emigrate if they had the opportunity, contrary to 39% which would chose to remain in Greece (and 5% being undecided).

This statistics demonstrates how important the rampant unemployment issue is, particularly for younger Greeks who are facing unprecedented unemployment rates. Tackling unemployment must be an essential priority for the government in 2014, along with addressing the poverty and tax evasion problems.

About 51% of respondents claim that unemployment can be reduced within 5 years, while a 46.6% was not optimistic that the problem will have been addressed. The vast majority believe that the efforts to tackle the employment problem have been lackluster, which is illustrated in the high disapproval rates of unions (95%), businesses (90%), opposition (89%) and the government (84%).

The economic recovery is expected to come from private initiative, with respondents claiming that the government must take initiatives to encourage the creation of new businesses, support growth efforts in the agricultural sector and attract foreign investments. A 64% of respondents in the study were optimistic about the future of the tourist, agricultural, energy, communications and technology sectors.

Helios Kiosk