Wealth in Greece plunged by 170 bln since 2007, report finds

Photo by MacroPolis
Photo by MacroPolis

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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