Philip Ammerman was interviewed by Katie Barnato of CNBC on the subject of business flight from Greece. The article can be viewed online here.
As stated, the flight to safety by business and individual depositors from Greece is reaching epic proportions. This will have a very long-lasting impact on Greece's economic recovery and GDP growth. Even when companies do not actually delocate, but simply move their bank accounts, visible economic activity suffers due to transfer pricing and undeclared income.
The detailed article on Business Migration from Greece was published on the Navigator website on July 29th.
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