Greece: Super-rich parasites live as lavish as ever

Issue 

“Nearly three years into their country's worst crisis in modern times, life goes on as normal for Greece's super-rich,” The Guardian said on June 13.

The article said that, “since the outbreak of Greece's runaway debt crisis, its moneyed class has been notable more by its absence than presence”.

“Greek shipowners, who have gained from their profits being tax-free and who control at least 15% of the world's merchant freight, have also remained low-key. With their wealth offshore and highly secretive, the estimated 900 families who run the sector have the largest fleet in the world.”

the Guardian noted: “As ordinary Greeks have been thrown into ever greater poverty by wage and pension cuts and a seemingly endless array of new and higher taxes, their wealthy compatriots have been busy either whisking their money out of Greece or snapping up prime real estate abroad.

“An estimated €8bn [$10 billion] flowed out of the Greek banking system in May as speculation over the country's possible exit from the eurozone mounted. Another €4bn was reported to have been withdrawn in the last two weeks ― on top of an estimated €20bn since the start of the crisis in late 2009.

“Stories of rich Greeks sending their wives and best friends on 'shopping missions' to remove secret hoards kept in banks in Switzerland and Cyprus are legion.”

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