Smell You Later

The smart ones are booking ass as quick as they can.

Economic distress is driving tens of thousands of skilled professionals from Europe, and many are being lured to thriving former European colonies in Latin America and Africa, reversing well-worn migration patterns. Asia and Australia, as well as the U.S. and Canada, are absorbing others leaving the troubled euro zone.

In fact monarchs are reduced to begging:

King Juan Carlos highlighted Spain's losses with a poignant remark while handing out scholarships to young Spaniards for postgraduate study abroad.

"I sincerely hope and wish that when your time comes to return home there will be more jobs for you and that you can stay here," he told the 121 assembled winners in March. "We really need you in Spain."

In the meantime the enterprising aren’t fighting their way into EUtopia either.

At the same time, an influx of Third World immigrants whose labor helped fuel Europe's growth over the past decade is subsiding. Hundreds of thousands of them, including some white-collar professionals, have been returning home.