I think it has more to do with education. In Italy, Portugal and Greece students find themselves being overqualified for the antiquated production methods of in

I think it has more to do with education. In Italy, Portugal and Greece students find themselves being overqualified for the antiquated production methods of industries in their countries, together with no investments from the government (e.g. italian 110m startup public investments against France's 60 billion) And agricultural output in PIIGS countries having been destroyed by EU regulations, goods are literally wasted because of quotas.