Greece considered more risky to invest than Syria - 13 WTHR Indianapolis

Greece considered more risky to invest than Syria

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LONDON -

The world's markets may believe that the worst of the financial crisis in Europe is over, but the people who control the purse strings of the world's businesses are not breathing any easier.

An annual survey of finance directors from global business consultancy BDO finds that the crisis over too much government debt in Europe remains one of their key concerns - so much so that Greece is considered a riskier investment than war-torn Syria.

Only Iran and Iraq are considered more risky than Greece.

This reluctance by finance directors, particularly from fast-growing economies such as Brazil and China, to invest in Europe's indebted countries goes to the heart of the financial crisis. A major part of these countries' recovery is dependent on the private sector stepping in.

Overall, the survey from BDO found that CFOs around the world are finding it more difficult to conduct business abroad thanks to an uncertain global economic situation, increased regulation and greater competition.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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