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Juan Esquer comments on the flisht of wealth to Luxembourg

02/12/2010 -Expansión

The possibility that the problems in Ireland should spread to Spain has led investors to transferral part of their wealth to Luxembourg. It has been estimated that 5,000 million euros have exited the country.

Juan Esquer, partner at GBS Finance, affirms: “We are articulating the mechanism required to open accounts in Luxembourg and transfer the funds from here. It will be very difficult to bring thsi money back in the future.