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Thursday 3 September 2015

China and Japan outraged: Greece's super-rich buy Senkaku Island


Chinese's and Japan's defence ministries are outraged about super-rich Greeks buying strongrooms on the Senkaku islands.
The Senkaku islands located in East China Sea have been the cause of sharpening dispute between China and Japan both countries making territorial claim.

Last month, the Greek bank Zeus Bank started a new service offering strongrooms on the Senkaku islands. Christos Papadopoulos, managing director of Zeus Bank, explains that the new service targets the Greece's super-rich. The past month, the Greece government introduced capital controls and restrictions on withdrawals making the super-rich very worried about their money. As the crisis deepens, they have started to disperse their wealth. Senkaku islands become increasingly popular among the rich Greeks because of its safety for strongrooms.

Xenophon Vassilakis, a yacht company owner, said he is very satisfied with the service. "China and Japan prevent each other to get on shore making it impossible that any living thing will plunder our wealth. Finally, our money is safe from the public and the government," he says.

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