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If the EU converges on something? And the UK is its inflexibility that has so far prevented an agreement on the terms of Brexit. Never mind that the EU’s chief negotiator refuses to make predictions about the outcome of this tough bra de fer.
The three main thorns are the conditions of competition, the access of EU fishermen in British waters and how to control the implementation of any agreement. The United States essentially asks London to commit indefinitely to the rules it will set. Boris Johnson has reiterated in every tone that Britain will leave the EU irrevocably on December 31, most likely without shaking hands with Brussels. London negotiators are still trying to bridge the gap between the two sides, but “ending the transition period without such an agreement remains the most likely outcome,” according to a statement from the British prime minister’s spokesman.
With or without an agreement, Brexit triggers the evolution of a series of issues that also affect Greece. The effects are inevitable and are expected to affect almost many sectors of the economy, including exports, tourism, and the financial sector.
The disturbance of the monetary exchange rate with the strengthening of the euro against the pound sterling makes Greek exportable products more expensive and, therefore, makes them less competitive. Greek exports to the United Kingdom reach 2,500 million euros per year, which corresponds to 1.4% of GDP and refers mainly to food, fresh and standardized.
Britain’s exit from the EU However, it also affects the lives of tens of thousands of Greek families, because many Greek students choose British universities every year mainly for postgraduate studies. Britain has always been an academic attraction. It is indicative that Greek graduates from British higher education institutions exceed 300 thousand.
In the 2018-19 academic year alone, nearly 10,000 Greeks studied at British universities. Therefore, they are the fifth largest group of students in the UK out of the EU member states. and the eleventh among all the countries of the world. At the same time, about 40,000 Greeks teach or work in British universities, while 165,000 Greek students attend British study programs in Greece.
Tuition increase
Students enrolled in UK universities in the upcoming academic year (2021) and thereafter will face a significant increase in enrollment. They will have to pay the tuition fees for international students, which amount, on average (depending on the university and degree), to 16,500 euros per year.
But those who are already enrolled and attending a university program before the end of December 2020 have earned the same tuition as their British peers. This will not change for the duration of your studies. That is, for those who have already started studies before the catalytic date of Brexit, nothing changes. What is valid until now will remain valid until the end of your studies. This is why many students who would not normally enter the university selection process try to secure their early admission to an academic institution with university degrees and clauses, in order to receive preferential enrollment from the pre-Brexit era.
However, another privilege that is lost for Greek students from 2021 on are student loans from the British state for the payment of tuition fees. By decision of the Minister of Public Universities Michel Donlan it was decided that from the academic year 2021-2022 students from the EU. and Switzerland are no longer eligible for student loans to cover tuition at UK universities. Until now, student loans have been granted by the Ministry of Education to students whose application has been approved by a British university. The amount of the loan was such that it could exactly cover the cost of tuition at this university and amounted to a maximum of 9,000 pounds per year. This means that potentially two siblings can pay a different tuition, depending on whether one has registered before the end of December and the other after.
However, there are British universities that offer students from EU member states. Tuition discount programs after the end of the Brexit transition period. This is a move by individual university institutions, so as not to significantly reduce the flow of students from abroad. However, according to London government estimates, European student enrollment in British universities is expected to decline by 20%.
Enrollment, however, is not the only thing that changes. Greek students will be included in the student visa regime. It is a new mechanism called the Student Route, which must be followed by citizens of an EU member state. who will arrive in the UK to study after January 1, 2021. It is not a very complicated process, but it is another bureaucratic burden that did not exist in the past.
It seems that for Greeks living and working in Britain for years, the current regime does not change. However, it is difficult for them to meet family members if they wish to follow them to Great Britain. There are many couples, in which one member works and lives in England, while the other prepares to move on. This transition in some cases will not be possible after December 31st. Even the children or spouses must comply with the new and strict immigration rules established by the country.
Things are especially difficult for those who will try to work in Britain from 2021. In case one does not have the famous pre-settled status, that is, the temporary residence permit status, immigration becomes a feat. from Heraklion, because it will be subject to London’s new immigration policy. Provides a point system for immigrants, similar to Australia. Interested parties are scored based on their skills, knowledge, studies and experience. This means that the tap of opportunity is closing, especially for unskilled workers, while opportunities are being restricted for others. Low-skilled workers, even if they can get a visa, can only get a 12-month work visa.
The point system for immigrants includes a visa category for skilled workers. To be eligible to apply for this visa, it must be shown that an employer, approved by the Ministry of the Interior, offers them a job to work at the required level of specialization. The salary you will receive from the employer must be at least the minimum wage (generally .5 26,500 a year or the market wage for the job in question, whichever is higher).
Another condition is knowledge of English. English should now be spoken at intermediate level B1 (on the scale of the Common European Framework of Reference for Languages). But even if one complies with all of the above and decides to seek his fortune in Britain, he will have to have a guaranteed income of .000 25,000-30,000, but also pay six months of rent in advance to secure a home. .
Interest in Greek real estate
An interesting and unexpected aspect of Brexit related to Greece is the growing British interest in Greek real estate. Naturally, after the implementation of Brexit, buyers from Great Britain will now be considered third-country citizens. And this means that the traffic for them will not be free. Some of the British working professionally in many EU countries. they are resorting to acquiring the Greek Golden Visa. First on their list is Spain and second Cyprus, while Portugal is also emerging as a strong player.
Another pleasant surprise from the apparent drop in the British pound against the euro is that it will lower the cost of living for Greek immigrants. The economic benefit will be proportional to the level at which the exchange rate of the two currencies will stabilize. The benefit of a drop in the British pound by about 10% can save between 2000 and 3000 euros a year for each student. On the contrary, the pound’s fall against the euro will significantly increase the cost of British holidays abroad and is therefore expected to reduce the flow of tourists from the UK to Greece. Hospitalization conditions are also changing, as there will be no current cooperation between the Greek and British Health Ministry.
There will also be difficulties for those Greeks who have a bank account in Great Britain. As of January 1, UK banks will need country-specific licenses in order to continue supplying certain products. Officials say mortgages, credit cards and savings accounts are being pulled.
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