Greece targets diaspora investment and voting rights in Canada visit Greek City Times

Greece is redefining its relationship with the diaspora, with Deputy Prime Minister Kostis Hatzidakis delivering a clear message during his recent visit to Canada: Greeks abroad are no longer just a community to celebrate, but a strategic economic and political asset.

The visit coincided with Greek Independence Day celebrations in Montreal, where Hatzidakis was invited by the Greek-Canadian community. However, the trip extended well beyond ceremonial events, including meetings with Canadian officials of Greek origin, business leaders, and diaspora representatives.

Focus on voting, investment, and talent return

Discussions during the visit centred on three key priorities — expanding postal voting rights, reversing the brain drain, and encouraging diaspora investment in Greece.

On voting rights, Hatzidakis highlighted the introduction of postal voting as a major reform, allowing Greeks abroad to participate more directly in national elections.

He described the measure as bringing the diaspora “closer to Greece,” restoring political engagement that had long been limited for Greeks living overseas.

Reversing the brain drain

The Deputy Prime Minister also pointed to a notable shift in migration trends.

In 2023, approximately 32,000 people left Greece, while around 50,000 returned — marking a net positive balance for the first time in years.

This reversal is being attributed to improved economic conditions and targeted tax incentives aimed at attracting skilled Greeks back to the country after years of outflow during the financial crisis.

Diaspora seen as “bridges” to growth

Hatzidakis described Greeks abroad as “bridges” between Greece and their host countries, stressing that their expertise, networks, and investment potential could play a critical role in the country’s future.

The approach signals a broader policy shift by Athens — moving from symbolic engagement with the diaspora to a more structured strategy focused on measurable economic outcomes.

Challenges remain

Despite signs of recovery, including reduced debt and falling unemployment, Hatzidakis acknowledged that not all segments of society have benefited equally.

He stressed the need to ensure that economic progress reaches more vulnerable groups, highlighting the importance of inclusive growth alongside diaspora engagement.

Bill Giannopoulos

Junior Editor

Bill Gee is a journalist covering geopolitics, defence and Hellenic diaspora news.