Brain Drain Boomerang: Greece Slides in World Talent Ratings

November 21, 2018

ATHENS – A more than eight-year-long exodus of some of Greece’s best and brightest and youngest in search of work and a better life to escape a crushing economic and austerity crisis has deprived the country of so much brainpower that it has fallen three places, to 44th in the World Talent Ranking.

The survey rates the ability of 63 countries in developing, attracting and retaining talent with Greece also saddled with the problem of a clientelist state rewarding with political favors and holding down entrepreneurs and those with initiative.

The chart came out of the Institute for Management Development in Lausanne, Switzerland and showed Greece continuing to fall, critical now that there are signs of a slow economic recovery that needs skilled people to push any hope of a turnaround.

Greece’s score this year is 54.98 points out of 100, taking the country to its lowest position since 2014, when New Democracy was ruling and the Swiss institute began drafting the World Talent Ranking. Its peak was in 2015 when Greece ranked 34th, the first year Tsipras took power and promptly began breaking virtually every promise he made, sending thousands more scurrying to other countries which have benefited from their skills.

IMD examines three domains and uses 30 criteria for its assessments. In the domain of investment and development of domestic talent, Greece improved by two positions to rank 29th. It also climbed two places in the domain of capacity to attract foreign talent, to 54th, but declined seven places in the domain of highly skilled manpower, to 47th.


KARDITSA, Greece - Months after investigations were started into the issuance of false COVID-19 documents, an administrative employee and a nurse at a health center in Greece's northern city of Karditsa were fired, the Health Ministry said.

Top Stories


BOSTON – The Holy Synod of the Patriarchate of Alexandria in its recent meeting dealt with the ecclesiastical coup perpetrated by the Patriarchate of Moscow in its canonical jurisdiction, calling it an “immoral invasion and intrusion.


NEW YORK - Some 21 years after it was destroyed in the September 11, 2001 terrorist attacks in the United States that brought down the Twin Towers in New York City, the new St Nicholas Greek Orthodox Church rising in its place is among the most eagerly awaited architectural openings of 2022.


STATEN ISLAND, NY – For yet another year, the community of Holy Trinity-St Nicholas in Staten Island honored couples celebrating 50+ years of marriage with a modest ceremony held at the church immediately following the Divine Liturgy on January 16.


1 NYPD Officer Killed, 1 Severely Injured in Harlem Shooting (Vid)

NEW YORK (AP) — A New York City police officer was killed and another critically wounded Friday night while answering a call about an argument between a woman and her adult son, officials said, making four officers shot in the city in as many days.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.