Mighty Germany Leans on Troubled Neighbors

With unemployment at record lows, Berlin needs workers
By Mark Russell,  Newser Staff
Posted Nov 13, 2011 10:33 AM CST
Mighty Germany Leans on Troubled Neighbors
Protesters participate in a demonstration against the influence of bankers and financiers near the European Central Bank (EZB) on October 15, 2011 in Frankfurt am Main, Germany.   (Getty Images)

Greece may be threatening to destroy the euro and the European Union, but mighty Germany still could really use a hand from the beleaguered country, reports the AP. With just a 6.6% unemployment rate—Germany's lowest in 20 years—and an aging population, Germany needs at least 12,000 additional doctors, 80,000 engineers, 66,000 IT specialists. To bridge that chasm, Berlin must turn to high-unemployment neighbors, such as Greece, Spain, and Portugal.

The German government has taken to arranging international job-hunting sessions for many of its country's companies and passed legislation to recognize more foreign degrees and qualifications, helping immigration to Germany shoot up 13% over the past five years. "About 80% of my friends are looking for jobs abroad and many of them want to go to Germany," said one Barcelona native who signed a contract with a chemical company in Munich. "We can learn a lot there and salaries are also higher." (More Germany stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X