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Greeks seeking employment abroad

Elina Stylianidi and Francesco Pagani, pictured here on their veranda in Athens, have moved to Francesco's home country of Italy to find work.

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David Brancaccio: The Greek debt crisis has driven unemployment there to more than 16 percent. Joblessness among young Greeks is more than twice that rate. So it's no surprise that 70 percent of Greeks under the age of 40 want to move abroad.

Reporter Joanna Kakissis has our story.


Joanna Kakissis: It's a warm October morning in central Athens. Two men are loading a stove, a kitchen table and a mirror into a big moving van parked outside an apartment building.

The furniture belongs to Elina Stylianidi and her Italian husband, Francesco. They're both architects in their early 30s. In a few days, they move to Italy. Elina would rather stay close to her family, but she's been unemployed for seven months.

Elina Stylianidi: I started to understand that no, I can't find no more jobs. And I started to realize that it was getting really worse and I had to do something about it.

Her husband Francesco said Greece was a different place six years ago when he moved to Athens.

Francesco: I came here in 2005. I started work immediately. I mean, there was a big economical boom. It was really easy to find a job.

Francesco learned to speak Greek fluently. For four years, he and Elina lived well and planned for a long future here. Two years ago, their son, Stefano was born. But that same year, the debt crisis began. Suddenly, work dried up and now they've burned through all of their savings.

Yiannis Saplaouras is their closets friend. He's in a similar position, He's 33 and a mathematician with a master's degree. But the best job he's been able to find is part-time work at a bookstore. He plans to join Elina and Francesco in Italy. It's hopeless in Greece, he says.

Yiannis Saplaouras: I mean, I know a lot of people searching for a job for months and they find, they find nothing. Nothing. They're desperate. They don't know what to do. They, of course, most of them are thinking of going abroad like us.

Francesco and Elina have already lined up jobs in Italy, and they're helping Yiannis find work. But Francesco says things aren't much better there.

Francesco: My family will help us a bit in Italy so it's an easier choice. But I've no restriction for the future. We can't think about Italy, Europe. We have to think our life, our family, our job, everything, and not so much to where we will be.

Francesco and Elina have no idea how long they'll be in Italy. Elina says she'd like to return to Greece, but she's read that it will take at least decade for the country to recover from its crippling recession.

Stylianidi: It's really difficult for me to understand how it's gonna stop, when it's gonna stop, how it's gonna change. So I hope it's gonna take less than 10 years because I hope to return one day here.

Francesco and Yiannis leave to run errands, and Elina is left in the empty apartment alone. She unlocks the door to greet a neighbor, a tall man in Elvis Costello glasses. We're leaving, she says. Yes, he replies, I know. These are difficult times.

In Athens, I'm Joanna Kakissis for Marketplace Money.

O'Kefen O'Kee's picture
O'Kefen O'Kee - Oct 29, 2011

a build in stocks
a build in days supply
a build in crude production
Who knows the reason why
?

a draw in oil imports
a refinery input draw
a plotting of the data
is what the prophet saw
!

Tell me something! How many people we had during the Great Depression? 1 billion? How many people we got for This Depression? 8 Billion? Imprecisely but close enough for government contract. So then, This Depression is 8 times greater than the Great Depression. After 4 years of melt-down, should we be getting serious about finding the culprit then putting an end to her/his reign of terror? Will she/he retaliate? Put us up under a water-board for speaking up?

Tell me something! Do we outnumber her/him 8,000,000,000 to 1 ? Let's go for it. Here is how :

Use tax code to trickle the money upward. Trickle up! When money gets to the top, top dogs can secretly donate most of money to the poorest people inside Greece. Indigent people suddenly flush with cash, 40 acres and a water-buffalo will instantly initiate a spending avalanche of multiplier effect spending that spawns even more spending that spawns ever increasing spending until spent cash envelopes the Entire World to lend extravagance to the entirety of CSE, Cash Sink Earth. But *how* change tax code?

Flat tax cut
!

Give everyone a $49,049.49 personal exemption. Flat tax cut must be fair because it is flat. Plus it will help trickle up which allows the excessively wealthy to secretly pass money off to the economic victims of turbo-capitalism-with-antisocial-fall-out. We will transfer payments secretly. Remember, "no peeking!".

Grazia
!