Tuesday, October 30, 2012

Syria, Libya, And Nigeria Is A Better Risk For Investors Than Greece

The Parthenon is surrounded by smoke from riots which started after a rally against austerity economic measures and corruption at Athens' Syntagma Square June 15, 2011. REUTERS/Pascal Rossignol

Greece More Risky For Investors Than Syria -- The Telegraph

Greece is considered a riskier place to invest in and set up business than war-torn Syria and Libya, according to a survey of finance directors.

BDO's annual 'global opportunities' survey found that the eurozone debt crisis remained one of their key concerns.

Almost half (44pc) of the 1,000 CFOs surveyed by the global business consultancy reported that the crisis had affected their expansion plans, with 16pc reporting a "large impact".

Only Iran and Iraq were considered more risky than Greece, while Spain, the eurozone's fourth largest economy, also made the top ten.

Read more ....

My Comment:
My Greek friends in Montreal concur .... the corruption and cronyism in Greece is horrible .... and this is just the tip of the iceberg.

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