In recent years, Greece has witnessed a growing trend of young people looking to leave the country in search of better opportunities. This phenomenon, often referred to as the “Greek Exodus,” is rooted in the lasting effects of the 2009 financial crisis and the ongoing economic challenges facing the nation.
The Aftermath of the 2009 Financial Crisis
The Greek government debt crisis of 2009 left an indelible mark on the country’s economy and its people. Despite officially ending in 2018, the crisis continues to impact daily life, particularly for younger generations. The pandemic and the war in Ukraine have further weakened the economy, exacerbating the challenges faced by Greek youth.
Why Young Greeks Are Looking to Leave
- Limited Job Opportunities
The Greek job market remains challenging, with many young people struggling to find stable, well-paying employment.Many young people struggle working long hours in various sectors, including retail, marketing, and hospitality, often for low wages and in stressful conditions. - Work-Life Balance Issues
Greeks work an average of 39.8 hours per week, the highest in the EU. The recent introduction of a 6-day workweek has raised concerns about further deterioration of work-life balance. - Cost of Living Challenges
Many young Greeks find it difficult to achieve financial independence and struggle to make ends meet on a single income of €700 per month, barely covering basic expenses like utilities and groceries1.
Popular Destination Countries for Greek Immigrants
While many countries attract Greek immigrants, Switzerland stands out as a desirable destination. The young generation express interest in moving there, citing fair labor laws, good worker rights, and higher salaries that balance out the higher cost of living.
Immigration Options for Young Greeks
- Within the EU
As EU citizens, Greeks have the right to live and work in other EU countries, making it easier to seek opportunities abroad. - Outside the EU
For countries like Switzerland, young Greeks may need to explore work visas or skilled migration programs. - Thailand
The Thailand Digital Nomad Visa (DTV) For young Greeks seeking for a better work life balance while maintaining their careers, Thailand’s new Digital Nomad Visa (DTV) offers an exciting opportunity.
Challenges of Immigrating
While the prospect of better opportunities is enticing, leaving Greece is not without its challenges. They know that they will miss “the hospitality of the people” and the natural generosity of Greeks. Cultural adaptation and leaving behind family and support networks are significant considerations for those contemplating the move.
Balancing Act: Pursuing Opportunities vs. Greek Brain Drain
The desire to leave Greece is widespread among young people. A staggering 77% of 17-24 year-olds say they would leave the country for better work conditions1. This trend raises concerns about brain drain and its potential impact on Greece’s future.
What we think about the Greek Exodus
The desire to leave Greece in search of better opportunities reflects a broader sentiment among the country’s youth. Many are prepared to give up their lives in Greece, despite the challenges of immigrating, in pursuit of their dreams. They hope to find a place where they can truly live and thrive, not just exist in survival mode. This aspiration for tranquility and mental well-being resonates deeply with a generation seeking more than mere existence, but a chance to build fulfilling lives and careers beyond their homeland’s borders.
