Where do greeks deposits go

Where do greeks deposits go

Athens, February 2, 2015/ Independent Balkan News Agency

By Spiros Sideris

Greek depositors who withdrew their money in the last 1.5 month have shifted towards investor shelters.

According to information from the newspaper “Kathimerini”, the alternatives chosen by Greek investors, at least for the first half of 2015, through the private banking of banks, but also certified property management consultants in insurance and brokerage companies, refer to sovereign bonds of the US, Germany, and several money market funds, which are located in markets in Asia, Latin America and Africa.

Gold derivatives contracts and silver are on fairly high demand, after of course the strong fall that records the euro but mainly the oil derivative contracts.

As stated in the report, most investors place their cash into shares of international groups that are characterised by low leverage and strong cash flows, while on high demand are contracts for food goods through companies operating in emerging economies (e.g. Mexico, China, Latin America).

In all types of portfolio, investment priority is given mainly in the bonds of countries (USA, Germany, Japan) and emerging economies such as Mexico, China, and countries of Eastern Europe.