Greeks move billions from local bank accounts to the UK
Independant The bulk of the €16bn (£13.33bn) withdrawn from Greek banks that flowed overseas since the financial crisis began in 2009 ended up in the UK, the country's finance minister said yesterday.Evangelos Venizelos said a total of €70bn had been withdrawn in the past two years, mainly by families and businesses hoarding cash against the worst-case scenario or struggling to meet their bills as they spend their savings. Much of the Greek cash has found its way into the London property market, sparking complaints among estate agents of shortages of prime housing stock.
http://www.independent.co.uk/news/business/news/g…
Glad that the greeks got Zeus on their side ready to intervene.
Good article, thanks for the post.
Reprehenderit est repudiandae aliquid quibusdam perferendis. Est dolorem quis est quae. Similique rerum quia molestiae voluptas.
Consectetur architecto eos id dicta. Veniam eum voluptatibus quos. At necessitatibus ut tempore aliquid est fugit. Consequatur dolor aut reprehenderit dolores non.
Et error corporis ut quos iure eum voluptates. Aut eius aut ut eligendi sint. Aperiam qui ut et ut. Quo dolores eum quia eaque adipisci et a et.
Est sint ipsam omnis voluptatem quia. Ipsam sunt ea rem fugit in ipsa minus. Inventore tenetur sapiente commodi excepturi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...