Southeast Europe Faces Euro Debt-Crisis Fallout, McGuire Says
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Southeast Europe’s emerging economies must brace for a slowdown as the euro-region debt crisis saps demand for their exports and investment dries up, said Richard McGuire, an economist Rabobank International.
Nations in the region, a “victim” of the crisis in the bloc that some of them aspire to join, must keep sound fiscal policies without necessarily resorting to austerity to weather the fiscal storm, McGuire, a fixed-income strategist, said in an interview in the Serbian capital of Belgrade yesterday.