LONDON: Financial advisory firm deVere Group yesterday reported a “surge” in the number of British expats seeking advice about moving funds out of some of the eurozone’s most troubled economies following the Cyprus bailout deal.
According to deVere Group CEO Nigel Green, “more and more expats in Spain, Italy, Portugal and Greece are now not unreasonably worried for their deposits in these countries. Over the last week, since the messy deal to bailout Cypriot banks began, our financial advisers have reported a significant surge in enquiries from expats who are looking to safeguard their funds.” AFP
