Saturday, November 20, 2010

Ireland’s children "brought up for export" again

by Calculated Risk on 11/20/2010 09:31:00 PM

The previous post is the Schedule for Week of November 21st

From Suzanne Daley at the NY Times: The Hunt for Jobs Sends the Irish Abroad, Again

Ireland seems set to watch yet another generation scatter across the globe to escape desperate times. ... Experts say about 65,000 people left Ireland last year, and some estimate that the number may be more like 120,000 this year. At first, most of those leaving were immigrants returning home to Central Europe. But increasingly, the experts say, it is the Irish themselves who are heading out ...
Ireland already has a huge excess of housing units - and losing another generation will not help. The younger generation is leaving Greece too. A shrinking population - especially losing the young and well educated - doesn't help the economy recover.