And there is also this theory that the great Bible flood was the Mediterranean Sea spilling into the Black Sea. If the Gibraltar dam fails we would see the mother of all floods from the Atlantic rushing in.
And there is also this theory that the great Bible flood was the Mediterranean Sea spilling into the Black Sea. If the Gibraltar dam fails we would see the mother of all floods from the Atlantic rushing in.
Inner country in what sense? Germany has two coasts. A claim would still be reasonable, as Mallorca is Germany's 17th state. An epic battle would arise early in the morning, as usual started by the Germans claiming the land by putting towels on it, but soon they would have to fight off Brits in their sunburned bright red warpaint.
For those wondering what the hell this is about, apparently it's a running joke about the number of German tourists there.
Socially this might not be desired and environmentally – at least on Mallorca – it is a disaster.
Earning? They spend most of their money where they live.
In the past engineers used to create wealth in Spain, creating 30 to 40% of the Gross product in Industry in Spain. Now it is 10%.
I am engineer and I have a company in central Europe, I know.
Educated people moving to Germany to create wealth there is a disaster for Spain. You are payed in salary 10 because you contribute at least 20 or 30 to the country you work in.
Training an engineer cost Spain 40 to 50.000 euros in public education. Them moving to USA or Germany is an enormous transfer of wealth.
I mean, climate is awesome and prices are lower than in Switzerland or UK where many of those are located, and quality of life is much better than in Poland or Ukraine where more of them are located. Where's your IT consulting? Maybe you ought to remove a few roadblocks for them? I'll be the first one to move to Italy and pay taxes there if provided with workplace and visa.
Also northern Italy is where all the industry sits and its productivity is comparable to north-western Europe, the south is dragging Italy down.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...
If London and Zurich can afford IT consultancies, why not Italy? 'cause I've not heard of those.
WRT "south dragging Italy down", I actually don't think this is true. I think it's more like an excuse.
Spain also had a big fat housing bubble inflating the GDP and probably this statistic aswell.
> How is young people moving to Germany contributing to Spain? > Earning? They spend most of their money where they live.
They have an oversupply of unemployed people. Paying unemployment benefits does not help Spain to get competitive.
I have read multiple stories claiming that most expats do not want to stay forever and in fact do not. Moving from Spain to Germany is more like moving to a part of Spain that speaks a different language than moving to the US. It is not like they need a visa and give up everything back home.
Many are supporting their parents, they continue to develop their career, they learn another language, maybe they build some wealth, they definitely will develop relationships. They will keep all of this, which will help Spain when they move along.
This is not something, that only happens in Spain.
Turkey is a good example. They benefit tremendously from the large Turkish community in Germany. When Turkish-German people move back, they transfer knowledge and bring access to the German market. Access beyond just theoretical laws, but actual knowledge of the language, the society and even business contacts. Turkey can then use this and mix it with its own competitive advantages.
I have seen a few documentaries of Germans of Turkish descent moving back to Turkey working there for a few years and then ironically moving back to Germany again, because they experienced a culture shock. I think this back and forth helps both countries, because they build relationships and exchange knowledge. Nobody loses, but each has now gained a competitive advantage to other possible partners.
Two other examples, which are a bit different, but still show how beneficial interchange is:
* People living in Poland, supporting their families there, but working in Germany (elderly care, craftsmen, e-commerce fulfillment), essentially just an injection of cash into their market increasing their local purchasing power. The growth of the Polish economy clearly shows, that it is not losing here.
* The same happens in Southern Germany with people working in Switzerland or Luxembourg, but living in Germany. In return Swiss people buy groceries in Germany. One of the richest regions. It benefits enormously from it. As usual only house prices are hideous.
So my conclusion is: As long as there is a back and forth and not just a flow in one direction, this interchange helps both countries' economies. It is a super effective way to remove trade barriers. And I have not even talked about the social benefits for society and individuals.
Bwahaha