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Wealth in Greece plunged by 170 bln since 2007, report finds
The inaugural Julius Baer (JB) Wealth Report published this week showed that European wealth exceeded its pre-crisis peak in 2013 reaching a new all-time high of 56 trillion, up 1.7 percent year on year, but that it had fallen by more than a fifth in Greece over the last seven years.
The evolution per country since 2007 displayed substantial differences with Germany and Switzerland adding over 2 and 1 trillion respectively, while peripheral countries like Spain and Greece suffered large losses in wealth of 1,434 and 170 billion resp...
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