The great Mediterranean executive migration

Given the troubles in the eurozone, it’s little wonder that the number of executives in Greece and Italy seeking jobs elsewhere in the world is rising. According to the Cyprus-based firm One Hour Translation, the volume of résumés it translated from Greece and Italy rose sharply last year — by 29% and 54%, respectively. The majority of the job applicants wanted their résumés translated into English or German, presumably because that’s where the high-paying jobs are. The question is, If these job aspirants have such lousy language skills that they need their résumés translated, how do they hope to get through an interview, let alone work in these other countries?

Can ‚Super Mario’ save Europe and America?

Who will be the most important person in economics in 2012? President Obama? Mitt Romney? Ben Bernanke? My candidate is Mario Draghi (a.k.a. „Super Mario”), who took over as chairman of the European Central Bank. Though virtually unknown to Americans, the dapper Italian technocrat could emerge as a savior of the world financial system or as its unwitting assassin.