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The impact of the Greek crisis on the Western Balkans

The document is an analysis by Marta Szpala and Tomasz Daborowski published in the CEE Weekly newsletter on May 12, 2010.
A regular publication of the Centre for Eastern Studies (Poland), CE Weekly is designed as an analytical newsletter focusing the Baltic States, Central Europe, Germany and the Balkans.  
The analysis on the Greek crisis considers that the region’s economic problems may deteriorate as money is withdrawn by Greek banks who play a major role in the financial sector of some Balkan countries. The problem with Athens’ vast debt and the expected long-term stagnation in Greece will slow down the economic development of the entire region.
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