But I do agree, we export talent to anywhere, where Spanish professionals, executives or researchers lead the way on many fields.
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.
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.
I would easily move to a cheap locale even if tech scene there is not abundant. I'd not move to London or Switzerland since you will always be 2nd class citizen compared to e.g. bankers. Which is just non issue in southern europe.
Weak economic is a thing you leverage.
Italy currently has a slow growing economy and needs a large number of younger economic migrants to increase Italy's competitiveness and pay taxes.
I wouldn't. Being in high demand in Silicon Valley is amazing even compared to Seattle. I wouldn't move to a backwater for fear of having to move again every 3-5 years.
Huh?
Also, those places are way more international than most places in Europe, which makes relocation more attractive. Good luck attracting non-Italians to Italy, or non-Polish to Poland.
I would gladly move to Italy with its amazing culture. I would not move to a place so diverse and full of recent immigrants that it no longer has any specific culture. Am I unique here?
And yes, people relocate to Poland a lot, from ex-USSR countries for example.
I'm pretty sure both London and Switzerland have cultures (OK, UK culture is mostly just drinking but still...).
Large software hubs generally need to pull in people from around the world, not just USSR. And that's the crux of the problem. London, Berlin, Paris, Zurich are all major international cities - it's easier for people from all around the world to settle down there than in places like Warsaw or Perugia.
You are aware that the Soviet era is long ago and the youngest people educated under a Soviet system are mid-30 by now? There is plenty of universities in Poland teaching among other things also Computer Science.
Italy in particular is at risk of defaulting on its debts (which are 131% of GDP compared to 87.7% for the U.K and 64.1% in Germany as of 2017) and the ECB and other lenders are going to be reluctant to lend to them. This is turn puts the banks and all kinds of public services at risk.