Saturday Jan 31, 2015 Search
Weather | Athens
16o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Crisis has major impact on the economics of immigration

Besides locals, the crisis that has been gripping Greece for the last six years has also had a major impact on the economic activities of immigrants.

Unable to find work, large numbers of non-Greeks have been buying one-way tickets home. The trend is confirmed by official statistics: The Hellenic Statistical Authority (ELSTAT) has recorded a sharp decline in the immigrant population, the Bank of Greece significant outflows of deposits, and the Social Security Foundation (IKA) a big drop in the number of the immigrants insured.

In just one year, the number of non-EU subjects living in Greece dropped by nearly 165,000, from 817,800 in 2011 to 650,800 in 2012. The largest segment concerns people of Albanian origin. The trend is certain to have continued in 2013 but as yet there are no available data.

The deposits of non-eurozone immigrants in Greek banks fell by 30 billion euros between June 2010 and June 2014. According to Bank of Greece data, the outflow amounted to about 3.5 billion euros in the June 2013 to June 2014 period.

The latest IKA data show that the number of insured immigants fell 33 percent in the first four years of recession, from 237,470 in December 2009 to 159,670 four years later. At the end of 2013, Greeks represented 90.15 percent of those insured with IKA from 87.17 percent four years earlier.

The sharp decline in the number of jobs held by immigrants is largely attributed to the collapse of construction activity. Of the 116,890 insured in this sector in 2009, 52,620, or 45 percent, were of foreign origin. In 2013, employment in the sector had fallen by two-thirds and the number of foreigners in it had dropped to 16,090. Employers in construction, numbering some 43,800 at end-2009, fell to just 16,050 four years later.

In 2013 IKA registered a rise in the total number of insured, from 1,434,850 in 2012 to 1,621,260. This is largely attributed to firms fears of being fined if caught employing uninsured workers.

ekathimerini.com , Sunday August 17, 2014 (18:28)  
ECBs Constancio signals Greek waiver may end if program dropped
Greece starts countdown to cash crunch saying bailout over
How Greece can run out of cash and what ECBs Draghi can do
Varoufakis to meet French counterpart on Sunday
Europe waits for proposals from Athens
European officials believe that there is scope for an agreement with the new Greek government but that Athens will have to accept a compromise on its demands. Officials in Brussels told Kath...
Notes provide more clues on prison breakout scheme
Police have found handwritten notes exchanged between 22-year-old Angeliki Spyropoulou and jailed members of the Conspiracy of the Cells of Fire at a safe house in Loutraki, west of Athens, ...
Inside News
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldnt buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
COMMENTARY
Unyielding truth
Finance Minister Yanis Varoufakiss recent statement that growth does not mean having Porsche Cayennes in the narrow streets of Greece has made something of an impression and is now being ...
EDITORIAL
This is not a game
Greeces negotiations with its partners and creditors must be conducted in such a way as to safeguard the countrys real economy, a vital sector which prior to the elections had appeared to ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Europe waits for proposals from Athens
2. Notes provide more clues on prison breakout scheme
3. Drug prices are falling but volume sold remains high
4. Tsipras plays down chance of rift
5. Ex-revenues chief Theoharis claimes political interference
6. Journalist to head Greeces National Intelligence Service
more news
Today
This Week
1. US to work closely with Greece and EU to resolve differences, says White House
2. Merkel rejects debt writedown for Greece
3. Greek bank debt plummets as investors head for the exit
4. Greek markets plunge as SYRIZA digs in on challenge to austerity
5. Tsipras says Greece to repay ECB, IMF, reach deal with euro area
6. Greece seeks EU allies but Germany holds firm
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. SYRIZA's win will test institutions
5. Greek Elections 2015: The day after | LIVE
6. EU must accept that Greek debt relief is inevitable
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.