Publication

Economists have become increasingly concerned about Greece’s deepening economic problems into 2011 as there are no signs its difficult fiscal situation is improving. One of the implications they foresee is a slow-down in the recovery of Central and Eastern European economies. Although in 2008-2009 the economic and financial crisis brought uncertainty to the region’s further growth and resulted in a retreat of foreign capital from Eastern and Central European countries, their current stable fiscal and monetary situations may prevent a repeat of this phenomenon.