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Christian Traunfellner, Immofinanz
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Nation on the edge

Fears over Greece’s economy are sending shock-waves through the EU: is this a tragedy or is foul play afoot? Ana Maria Nitoi talks to the Ambassador and Commercial counsellor of the Greek Embassy in Bucharest to pick apart rumour from reality

March 2010 - From the Print Edition

Greece’s economic difficulties have become a headache for the entire European Union, causing fears of the ripple effects of a potential crash on markets in the Balkans and the wider Euro zone.
But many of these worries have been stoked by market players keen to make a quick buck on Greece’s financial pains.
The problems were caused by the country’s budget deficit of 12.7 per cent of its GDP in 2009. Greek Prime Minister George Papandreou has now promised a daring four per cent cut of t...

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