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Grexit: Aiginger Warns of Shock in the Balkan Region

Published: August 21, 2012; 20:07 · (Vindobona)

Wifo´s (Austrian Institute of Economic Research) director Karl Aiginger thinks that a Greek exit would not only cause big problems for Greece itself, but for the whole Balkan region.

Grexit: Aiginger Warns of Shock in the Balkan Region / Picture: © WIFO Wirtschaftsforschungsinstitut

Besides a “very big problem” for Greece, a Greek exit would also drag Southeastern Europe down with it, Aiginger says. “There would be a domino effect and the shock would concern the whole Balkan region.”

The Greek exit would mean that the local economy would collapse for two years. After Greece has left the Eurozone, Portugal and Spain would get enormous problems. But…

This article includes a total of 214 words.

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