Friday, 30 April 2010

Greek woes - will expats stay or go?

Greece has continued to dominate the headlines this week as it struggles to resolve its debt crisis. Today the Financial Times reported that the country "has agreed the outline of a €24bn austerity package in return for a multibillion-euro loan from its eurozone partners and the International Monetary Fund, according to people familiar with the talks."

Greece's troubles have also affected the wider Eurozone, driving down the value of the Euro and causing concern among other nations, particularly France, where some organisations have a large exposure to Greek bonds. Adding to this has been the downgrading of Spain's debt to AA by Standard and Poor's.

With these ongoing issues surrounding Greece and the fallout for the Eurozone, how has expat life been affected? Clearly it may make some think about potentially making a move away however for others it may have little effect on their day to day lives. If there are any expats in Greece or the Eurozone amongst our readership, it would be great to know what the crisis means for you. Share your thoughts in the Expat Explorer 2010 survey which has opened this week here.

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