Monday, July 20, 2015

The Greek Economy Is Finished! A Quarter Of Firms Shifting Abroad

From Zero Hedge:

Capital controls imposed by the Greek government are taking a heavy toll on Greek businesses, according to a new report from Endeavour Greece. With over two-thirds of respondents reporting a "significant drop in revenues," and 1 in 9 firms forced to suspend production due to shortages of raw materials (unable to buy due to capital controls), the problems created by The Greek government's action seem asymmetric as almost a quarter (23%) of firms are now "planning to transfer their headquarters abroad for security, cashflow, and stability reasons."

http://www.zerohedge.com/news/2015-07-20/greek-economy-finished-quarter-firms-shifting-abroad

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