ICAP: Corruption Driving Greek Youth Abroad

According to the international human resources services provider, ICAP People Solutions, Greek youth are opting to leave the country in search of a better life abroad due to the lack of meritocracy and vast corruption in Greece. In total, from 2008 to 2016 around 500,000 Greeks have left Greece.

During the 3rd Human Capital Summit last month, ICAP concluded that some 68 percent of the Greeks who took part in the 2017 study were below the age of 35 years with high levels of skill-sets and without families. The study has been conducted for the past 3 consecutive years and this year’s results showed that some 41 percent of the 1,268 participants said that one of their main reasons for working abroad is the corruption and the lack of meritocracy in Greece.

An additional 34 percent said that the uncertainty and financial crisis sweeping the nation is why they have left Greece, while 33 percent said that they simply found better career opportunities abroad.

One major factor which has changed over the past year is that in 2017, 42 percent of those surveyed said that they did not plan on moving back to Greece while in 2016, 35 percent of those Greeks living abroad said that they didn’t see themselves returning, causing a major brain drain in the country.