Indeed, Merkel said it.Ridiculous.
Frankly, a 2011 OECD study reported that in Sweden, for example, 35 percent of workers were overqualified for their current jobs. So what? All countries rapidly developing their education system are especially susceptible to this...*cough*...danger? even in countries where unemployment is much lower, there is always the risk that there will be more graduates than jobs - but, I repeat, Portugal is among the three OECD countries with the lowest proportion of adults with tertiary education (17%, in contrast with the OECD average of 32%).
And, guess what, in all the OECD, Portugal has one of the highest emigration rates of workers with a university education.Worst than us only Ireland.
Even the Deutsche Bank recognizes,
" it is obvious that a lasting exodus of skills from the southern periphery would entail serious structural problems and undermine the growth potential there"
--------
Young, qualified and jobless: plight of Europe's best
Merkel's ideology: market deregulation + regulated education. A happy marriage between communism and liberalism.