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Life in Greece looking tough for expats
| Published: | 10 Jul at 9 AM |
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Tagged: Euro
A large number of expats living in Greece are finding life increasingly difficult due to the country’s ongoing financial crisis.
The Mediterranean country is home to an estimated 188,000 European nationals, and is particularly popular among retirees looking to take advantage of its year-round sunshine and laidback lifestyle. However the debt crisis has had such an impact on foreign residents that some are seriously mulling over leaving for good.
European leaders are set to converge at the weekend to decide whether Greece’s cash proposals were acceptable in a meeting that will determine the country’s future in the Eurozone.
And as the uncertainty continues, ExpatFinder.com – a relocation service provider – has reported a sharp rise in the number of inquiries from expats looking to leave the country in recent months.
The agency, which helps around 1,500 people relocate each month, said that in June there was a 28 per increase in the number of people requesting to leave Greece in comparison with the same month last year.
Furthermore, the figure stands at 43 per cent higher to date in July compared to the same time last year with the country’s banking system partially frozen, businesses short of cash and locals without food.
Many expats have turned to AES International for financial advice on their savings and day-to-day spending.
The advisory firm’s chief operating officer John Viney said that people were extremely concerned about their funds. He revealed that their advice was to place them in an international bank to be ensure they were safe as such payments were not linked to the Greek banking system’s restrictions.
The Mediterranean country is home to an estimated 188,000 European nationals, and is particularly popular among retirees looking to take advantage of its year-round sunshine and laidback lifestyle. However the debt crisis has had such an impact on foreign residents that some are seriously mulling over leaving for good.
European leaders are set to converge at the weekend to decide whether Greece’s cash proposals were acceptable in a meeting that will determine the country’s future in the Eurozone.
And as the uncertainty continues, ExpatFinder.com – a relocation service provider – has reported a sharp rise in the number of inquiries from expats looking to leave the country in recent months.
The agency, which helps around 1,500 people relocate each month, said that in June there was a 28 per increase in the number of people requesting to leave Greece in comparison with the same month last year.
Furthermore, the figure stands at 43 per cent higher to date in July compared to the same time last year with the country’s banking system partially frozen, businesses short of cash and locals without food.
Many expats have turned to AES International for financial advice on their savings and day-to-day spending.
The advisory firm’s chief operating officer John Viney said that people were extremely concerned about their funds. He revealed that their advice was to place them in an international bank to be ensure they were safe as such payments were not linked to the Greek banking system’s restrictions.
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