Tuesday, May 24, 2011

Greek private money...

...is being shifted to other countries as a consequence of the economic crisis, with about 280 billion euros ($394 billion) invested in Switzerland alone, Handelsblatt reported, citing Dimitris Kouselas, a state secretary at Greece's finance ministry

The amount deposited in Switzerland is equal to 120 percent of Greece's gross domestic product, the newspaper said. The two biggest Swiss banks manage 20 billion euros in funds owned by Greek private customers, Handelsblatt said, citing people in the Swiss finance
industry.

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