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GreekReporter.comBusinessWealthy Greeks of Switzerland Αre Skeptical Over Investing in Greece

Wealthy Greeks of Switzerland Αre Skeptical Over Investing in Greece

Extensive talks are being held lately on the willingness of rich Greeks living abroad to help their debt-ridden homeland with investments that would boost the economy and create new jobs.

Although several initiatives have already been organized by Diaspora Greeks, extremely wealthy Greeks currently living in Switzerland seem rather skeptical over investing their money in an already crippled country, where bureaucracy and strikes are hard to deal with.

According to, there are not many Greeks living abroad “rushing to invest in their homeland” although they personally feel proud to be Greeks.

Greek lawyer Ilias Bissias, an expert in cross-border legal cases between Switzerland and Greece, told that Greece is “hostile” to new investment projects at the time and that Greek owners of Swiss bank accounts are not willing to move their money to Greece.

The new taxation agreement between the two countries has been unsettling for the Greeks owning bank accounts in Switzerland, and many of them are thinking of transferring their money to the United Arab Emirates or Singapore.

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