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by hummel 2791 days ago
Wrong. Weak economics, low employment, and large government debt (US anyone?) are not relevant when you bring talents, Quality of life is, and Spain or Italy are high above the mentioned countries. Also is much more cost-effective and secure. Ask yourself why many Europeans choose to retire to Spain.

But I do agree, we export talent to anywhere, where Spanish professionals, executives or researchers lead the way on many fields.
2 comments
hueving 2791 days ago
>and large government debt (US anyone?)

The comparison to the US is not apt because the US has control over its own currency. This is critical for high debt scenarios because it leaves the option of essentially printing money via a program like quantitative easing to always ensure interest rates on fed bonds don't get out of control. This serves the purpose of providing favorable rates for the government as well as inflating away the value of the outstanding debt.

Countries bound to the Euro do not have this option so it usually means growth-killing austerity+taxes is the only way out.

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slededit 2791 days ago
Canada solves this among its provinces with equalization payments. Unless you want economic deadzones its the only way to solve the problem.
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CapacitorSet 2791 days ago
>low employment [is] not relevant when you bring talents

While I agree with the rest, I wouldn't be too sure about this. I suppose a tech talent doesn't plan on working at the same place their whole lives, so they would take into consideration the availability of tech jobs in the area.

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