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Migration and Remittances in the Eurozone Periphery

May 14, 2013 | 12:05 GMT

Migration Patterns and Remittances in the Eurozone
Madrid-Barajas Airport in Spain

PABLO BLAZQUEZ DOMINGUEZ/Getty Images

Summary

One of the main social consequences of Europe's economic crisis is the increasing number of people leaving countries in the eurozone periphery and the decreasing number coming in. Spain, Portugal and Ireland have became net emigration countries, because rising unemployment has pushed foreigners and a growing number of nationals to relocate to other parts of Europe, the Americas and even Africa. As changes in migration patterns influence the flow of remittances, the increase of money sent from abroad is helping families in the eurozone periphery cope with the unemployment crisis.

By sending more money to their home countries, emigrants are easing but not solving domestic struggles....

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