Greek Deposits of 60 Billion in Switzerland



Greek lawmakers Swiss banksAccording to the economist Gabriel Zucman, the deposits of Greek citizens in Swiss banks are amounting to 60 billion euros. The French professor of the London School of Economics and researcher at the University of California, Berkeley published his book “The missing Wealth of Nations” that refers to the transport of capital in tax havens.

Zuchman suggests that Greece should collaborate with powerful European countries such as Germany and Italy, to force Switzerland to abandon the policy of banking secrecy. The economist using data from the Swiss National Bank (BNS), revealed that the Greek deposits in Switzerland amount to 60 billion euros while German deposits reach 200 billion. These data show that the total foreign wealth transported in Switzerland is reaching 1.8 trillion euros.

Following Zucman’s allegations, the Greek government is trying to uncover the secret accounts and deposits. The agreement between Greece and Switzerland regarding the taxation of hidden accounts owned by Greeks is expected to be finalized in the next months. The Deputy Finance Minister, George Mavraganis recently visited Switzerland in order to reach an agreement with the Swiss government.

Meanwhile, the Greek Finance Ministry is examining 30,000 suspicious remittances. The Greek government through the tax system has identified 2,000 citizens suspected of tax evasion. The audit authorities have already examined their banking transactions and properties.


5 COMMENTS

  1. The Greeks saved only 60 billion out of half a trillion euros they swindled from the rest of the World?Wow.A lot went for souvlaki and frappes,I see.

  2. “Meanwhile, the Greek Finance Ministry is examining 30,000 suspicious remittances.”
    Yeah, we’ve heard that before.

    “The Greek government through the tax system has identified 2,000 citizens suspected of tax evasion.”
    Are we talking above and beyond the Lagarde List of 2,000 now? Right. And what happened to THAT little collection?

    “The audit authorities have already examined their banking transactions and properties.”
    And this sentence should be followed with–
    “And they will all be bribed in short order to immediately cease with any further investigations of their cases.”

    Come on, Greek media–are we all so stupid?

  3. Come on Tedi, you’re forgetting the Bouzuokia-where you’re nobody if you don’t pay 500 to hold a table for your parea, 100 per bottle for whisky, and 50 euros just for the flowers to throw at the singer. And that’s only for the first hour of fun.

    On Mykonos this summer there was a private blowout party for high-rollers where large bottles of campaign were going for 10,000 euros each. The small ones, for 1000, were just being spayed on each other. All the service help, serving the drinks were spray painted in gold.

    Get with the program, Ted. Serious criminals pay seriously to have fun.

  4. I couldn´t have said it better. The worlds probably most repressive tax authority, namely the Swedish, was to help Greece with tax collection but they gave up.