World: Portugal smacked by debt crisis, high unemployment, brain drain
- I will get out as soon as I graduate next year, to Brazil. It has a growing economy and people like me can do well there.
- Portuguese college student Alexandria Silva • Explaining her long-term plan for surviving in this economy. That’s right. She plans to leave Portugal, which is about to get smacked with some debt crisis drama, to go to South America. There are some other issues, too – due to insane job-security (especially in the public sector), older Portuguese people already have a stranglehold on the good jobs, and worse, there’s an 11 percent unemployment rate. So, now, some of the country’s best and brightest are leaving. Sad, really. source
