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

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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

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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