This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Europe's Emigrants Face Red Tape In Latin America

By EVA VERGARA

SANTIAGO, Chile (AP) â¿¿ Geologist David Rodriguez and actress Cristina Pascual, two of the nearly six million Spaniards left jobless in the European recession, fled to Latin America last year, figuring their futures would be brighter in the booming economies on this side of the Atlantic.

Instead, they found themselves stuck, facing so many bureaucratic hurdles that their only option was to work illegally, for much lower wages. Without a work visa, they couldn't get a formal job. Without a job offer, no visa. And without a job and a visa, they had no way of securing an all-important tax-identification number, freezing them out of Chile's booming formal economy. Trying to bend the rules can result in deportation for the worker, and fines for the company.

Rodriguez and Pascual are among the many migrants watching this weekend as leaders from the European Union, Latin America and the Caribbean seek ways of eliminating the red tape that has made it so difficult for foreigners to bring their skills across borders.

The vast majority of migrants between the continents used to travel to Europe, but the trends flipped after 2010, when economic indicators began to improve in Spain and Portugal's former colonies. Now Spanish and Portuguese workers are arriving by the thousands each year, entering on tourist visas and job-hunting in Brazil, Chile, Mexico and Argentina. Spanish migrants with skills needed in the mining industry are particularly sought after in Chile.

But the bureaucracy is getting in the way.

Rodriguez, 32, graduated from college in Spain in 2010, and spent the next 28 months in a frustrating search for work in his field while he lived with his parents. Then a friend, architect Maria Moreira, posted a Facebook message saying she was migrating to Chile. He jumped at the chance to come along, but soon found himself stuck without authorization to work. Despite high demand for exactly the skills he could offer, it took four months of rejections before he found a low-paid internship that eventually led to a company's sponsorship for his paperwork.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs