Spanish and Greeks move north due to austerity, crisis - OECD
Source: Reuters
(Reuters) - Greeks and Spaniards are moving to northern Europe in growing numbers, the Organization for Economic Cooperation and Development (OECD) said on Thursday, as soaring unemployment rates and fiscal austerity erode living standards in the south.
In its annual report on migration, the OECD said the number of Greeks moving to Germany rose by more than 70 percent to 34,000 between 2011 and 2012, while Spanish and Portuguese migration there increased by half.
OECD Secretary General Angel Gurria said that the number of migrating highly skilled workers from crisis-hit economies had risen, possibly weighing on any economic recovery.
"This is a brain-drain which has long-term consequences," Gurria said.
Read more: http://uk.reuters.com/article/2013/06/13/uk-oecd-migration-idUKBRE95C0VI20130613