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Montenegro's Bay of Kotor is a magnet for Russian jet-setters (Photo: Sarah Tzinieris)

Greek crisis poses questions for Kosovo and Montenegro

The Greek crisis poses questions for bank depositors in Kosovo and Montenegro, which use the euro without a safety net.

The EU aspirants unilaterally adopted the single currency in 2002.

It was their third switch in just a few years. They changed the Yugoslav dinar, due to hyperinflation, for the deutschmark in the 1990s. Then the deutschmark ceased to be.

Looking at events in Greece, their finance ministries and central banks say exposure to the crisis is minimal.

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Montenegro's Bay of Kotor is a magnet for Russian jet-setters (Photo: Sarah Tzinieris)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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