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Global Greeks bet on property and prayers

Wednesday, February 15, 2012 - 03:27

Feb. 15 - Buy a London property, bank your cash somewhere safe, or just say a prayer: Greek overseas communities are finding different ways to prepare for the worst, as Julian Satterthwaite reports.

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In Athens they still cleaning up after a weekend of unrest and bracing for more trouble ahead but the tensions -- by the Greek crisis of being felt far beyond the motherland. In migrant communities around the world people are asking how they can protect their finances and help voters back home. London's -- long standing Greek community is no exception. You might think that the bank or financial advisor will be the first fourth hole and Wal-Mart about impending economic collapse increased. But for many Greeks here in Britain the first school is actually Toronto Hoya or Florida State. Slash -- and it. Many people are tentative and they tip of the pink elephant. Asking the floor of the church he if we. Yeah it done to decide practically -- to teach. Because. Many students came here expecting that they have editors. They would continue to -- them do you mind he. To continue that Stuyvesant. The archbishop says that the attendance is up -- Greek churches around Britain but the effect is less visible in London. -- the church may be offering spiritual solace most Greeks hit also have more practical considerations to Honda. And one of the city's most venerable Greek restaurants the manager says conversation is dominated by the question of how best to prepare for the worst. We re different schools three times a week -- times we get people skills for jobs from grace. That hasn't happened for fifteen news my information is that. Sensible everybody has already left Greek banks and he's probably going to Greek banks that are based in Switzerland's. It's not hard to find evidence for the Greek money flowing into Britain. Real estate agents have been reporting a surge of interest from wealthy Greeks who see them the -- is a safe haven and a reliable enough. With the crisis in Athens seemingly headed to crunch time there's no sign of those -- easing off. And on and just because shave it and we buy is usually accounts for about what -- 5%. Applies in the crying in Central London market. That's risen to about one point 2% NASA's -- doubling. Of the people institute in community and spending money and content. Of course at London's -- by aspirin differs from such communities elsewhere in the world because of that launch number of people working in financial services. But the soft professionals what they may view the crisis the great thing expertise and insight from the man in the street it's still very personal. We'd trade Greek bonds who would trade the CDS and they so Marines and the rest so we told that unknown it's cooks would be a coat. You -- to monitor the markets and how to monitor the crisis. We found I mean that was -- -- quote -- Maine because unless you belong to the two major parties. In increase you have no hope can have. Of course not everyone is dismayed by the outlook and one with the launch pilot council euros to be sitting pretty in Greece that goes back to the drachma. But malveaux at the mood is one of anger and sadness but also afloat. -- the Greeks assure their homeland will bounce back. The fifteen somebody get worse before they get -- students have plates Reuters.

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Global Greeks bet on property and prayers

Wednesday, February 15, 2012 - 03:27