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I think its pretty naive to claim that employers prefer one degree over the other, firstly because employers do not rank the universities in a simple list of 1.2.3.4.5. It's like claiming that they prefer oxford over Cambridge. Also, I think you are confusing the opinion of the man on the Calpham omnibus with the views of the human resources departments in the big employers. The man on the street in Mongolia may have heard of Harvard, and not Cambridge but this is in no way representational of the employers of the country, who really couldn't give a rats arse between the difference in the two universities.
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We are NOT talking about welfare states where everything is wonderful LadyLou. We are talking about small states, where people are ignorant. In Greece and other Balkan states, people know that Harvard is the top. And that's all there is to it. The end. There is no such thing as "ah, Harvard puts more emphasis on extracurriculars" or "the rankings are subjective". Nothing like that here. Here, it's all about reputation. You really think that in a country like this people do BACKGROUND CHECK?? Dont make me laugh. Greece is admittedly one of the countries with the worst system (let that be public, welfare, ......................) and the people do not care. Now, if you wanna work as I do at a university and teach, of course it wont matter. But if you are a doctor and wanna go public, it's Harvard that will get u in over somebody else, simply because people know it, and in spite of how good Oxbridge actually is, people trust what they know, and they know that Harvard is better, even though that may not be the case.</p>