Sunday, February 7, 2010

Investors move billions out of Greece | Pj News| Latest Daily News About World News, Business, Tech and Entertainment

Investors move billions out of Greece | Pj News| Latest Daily News About World News, Business, Tech and Entertainment:
Traditionally, the country’s super-rich, not least ship owners and mercantile elite, have favoured the Swiss bank and off-shore account. But now huge sums are also being spirited away to banks in Cyprus. “Very big transactions are going through Cypriot banks,” added Pana�gopoulos. “Greeks feel that Cyprus is not only close, but safe.”

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