Bank of Albania governor highlights impact of euro crisis on non-EU members

ardian-fullani

The eurozone crisis heavily affected non-European Union (EU) member countries in Central and Eastern Europe that are home to branches and subsidiaries of large eurozone banks, Bank of Albania governor Ardian Fullani has said in a speech.

"In a matter of months, the sovereign-bank vicious cycle encompassing the euro area was exported to non-EU host countries, first through lower risk tolerance and second through interruption of lending to our economies by euro area banks that operate in our

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