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Tuesday 25 October 2011

Eurozone financial crisis: Winners and losers

The crisis in the eurozone may threaten the livelihoods and living standards of many, but for some it presents a golden opportunity. 

In cash-starved Greece, Yannis Perrotis, the managing director of leading commercial estate agent CBRE, says while local businesses are facing significant problems, large international companies with greater financial strength are able to seize opportunities.

"They are in a better position to benefit," Mr Perrotis says, "and in most cases, they take advantage of it."

Mr Perrotis has recently secured a prime retail location in central Athens for the sportswear giant Nike. Formerly occupied by a Greek bank, the rent Nike will have to pay is barely half what it used to be.   More Read

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