It is hard for me to access how bad Europe's economy is but it is quiet often framed in a fairly negative light in the US media. For example 14% unemployment in France which is trending even higher levels of unemployment or I hear of mass demonstrations in Spain from all strata of society protesting austerity measures.
My personal experience is talking to a German businessman in my cab who told me there is already a brain drain in Spain of educated Spaniards showing up in Berlin, and I have met a group of 3 Spanish people in there late 20's who were educated and working in the information economy in San Francisco.
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