Euro crisis to smother growth in eastern Europe

The current troubles in the eurozone are slowing down growth in eastern European countries, particularly Romania, Albania and Serbia, where Greek banks are an important part of the financial sector, according to a study by the European Bank of Reconstruction and Development (EBRD) published on Tuesday (18 October).

Barely out of the recession following the 2009 financial and economic crisis, many countries in eastern Europe will have to cope with slowdown in growth next year compared to...