Germany, Europe's economic powerhouse and a country which has been criticized by many Greeks over its harsh demands for austerity cuts in return for bailout cash, has experienced an influx of young skilled immigrants.
Der Spiegel magazine noted that while Greek newspapers "printed cartoons depicting the Germans as Nazis, concentration camp guards and eurozone imperialists who allow their debtors to bleed to death," the Greeks have kept arriving – bringing an "anything is better than Athens" attitude with them.
With more than 50 percent of young Greeks out of work, it's not surprising that official statistics show the number of Greeks who moved to Germany increased 90 percent during 2011.
Unemployment rates have consistently been shrinking in Germany in recent years and the economy is thriving despite Europe's ongoing financial crisis. Relaxed cross-border employment regulations for member states of the European Union also make Germany an attractive choice for job seekers. And while Germany is in need of specialized workers, the Greek labor market has little to offer.
This turn of events is generally good for those Greeks who can find work in Germany, although in the long term the demographic shift will clearly benefit German society at the continued expense of Greece. These younger Greeks will help to pay the pensions for aging Germans, but they will be contributing little if anything to the Greek economy. Of course, to the extent that Germany's economy is bailing out Greece, the transfer of labor power from Greece (where they wouldn't be working) to Germany (where they are more likely to be working) is probably an economically good situation.