Albania governor says lack of European co-ordination exacerbated crisis spread

Economic shocks can ravage south eastern Europe like the flu, Ardian Fullani says

ardian-fullani
Ardian Fullani

Economic shocks in the small open economies of south-eastern Europe are "like the flu... rather unexceptional and highly transmittable from one economy to the other, from one sector of the economy to the other", Bank of Albania governor Ardian Fullani said in a speech in Vienna last week.

Addressing a conference organised by the Vienna Economic Forum, Fullani said that  Europe's big financial groups "play an important role in the transmission of global shocks in the region", and moreover they

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