Greece shrugs off neighbours’ woes

Greece shrugs off neighbours’ woes

Headline: Greece shrugs off neighbours’ woesSource: EuromoneyDate: April 2001Author: Dimitris Kontogiannis George Kofinakos A little more than three months after Greece’s entry into Emu, the country finds out that eurozone membership does not guarantee immunity from financial and other crises raging in neighbouring countries, such as the former Yugoslav Republic of […]

Headline: Greece shrugs off neighbours’ woes
Source: Euromoney
Date: April 2001
Author: Dimitris Kontogiannis







George Kofinakos

A little more than three months after Greece’s entry into Emu, the country finds out that eurozone membership does not guarantee immunity from financial and other crises raging in neighbouring countries, such as the former Yugoslav Republic of Macedonia and Turkey. However, membership has helped reduce, if not eliminate, the sensitivity of its bond and equity markets to events in nearby emerging markets.

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Greece shrugs off neighbours’ woes

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