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Independant The bulk of the €16bn (£13.33bn) withdrawn from Greek banks that flowed overseas since the financial crisis began in 2009 ended up in the UK, the country's finance minister said yesterday.Evangelos Venizelos said a total of €70bn had been withdrawn in the past two years, mainly by families and businesses hoarding cash against the worst-case scenario or struggling to meet their bills as they spend their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.
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