Sinking Ship

: Now he has a tech job in this city Garment District, a good salary, a buzzing social life — and a whole lot of guilt. "The most beautiful country in the world," he said Friday of his native land, before calling it "a sinking ship." As Greece races to complete a new bailout agreement with Europe, economists say its future is imperiled no matter what because of a terrible economy that has been in many ways most punishing for young Greeks and forced thousands of the nation youth abroad for work and school, according to Hamilton Spectator. The exodus of young Greeks — driven by fruitless job searches in Athens, depleting bank accounts and the mass-mailing of applications abroad — marks a massive brain drain that could deprive the country of leading minds for a generation. That was at the start of the Greek financial crisis, when Bouras, now 27, left Athens for graduate school at Columbia University. Regardless of whether the crisis forces Greece from the continent single-currency zone, the loss of that talent will cast a shadow over the country. "We are going to be in a situation where it a country of older people," Lois Labrianidis, a secretary general in the Greek economic and infrastructure ministry who has studied the brain drain, said in a phone interview from Athens. "It going to be a huge blow for society as well as the economy." With a youth unemployment rate near 50 per cent, it might not seem surprising that many of Greece young people are leaving. Over the past five years, more than 200,000 Greeks have left, shaving about 2 per cent from the country population. But it is a testament to the severity of Greece crisis, given that brain drains are rare in developed nations with well-regarded education systems. (www.immigrantscanada.com). As reported in the news.