Stories about Greece from May, 2010
Reactions to the Greek Financial Crisis and the IMF from the Africansphere
With the challenges facing the Greek economy and the ensuing intervention from the International Monetary Fund (IMF), reactions from African bloggers range from cautionary tales from past experiences to lessons that ought to be learned for their own regions.
Hungary, Greece: Shadow Economies
Hungarian Spectrum writes that, according to some estimates, “the Greek black economy represents 20-30% of the country's gross domestic product. Estimates for Hungary are very similar.”
Macedonia: Can the Country Go Bankrupt?
Participants in the conference “Can our country go bankrupt?”, organized by the Open Society Institute-Macedonia on May 5, consider that ‘the Greek scenario’ seems unlikely at this time, but urged for caution, especially in regard to increasing public debt/pressure on the private sector.
