
Greek financial collapse could lead to a severe economic downturn in the region of the Balkans, as well as among other countries which are not in the euro area, but had years of business ties with Greece, warn economic analysts.
No one can predict how events will develop after the parliamentary elections on 17 July in Greece. Fears are not unfounded: Greek banks hold in their hands 15% of the charter capital of credit organizations of neighboring countries. Thus, the primary investments are invested in the economies of Bulgaria, Romania, Macedonia, Albania and Serbia.
Analysts warn of the possibility of a Greek bankruptcy and say that the switch from Euro into Drachma will have negative affect for the business in the region. European Bank...