
The Irresponsible Neighbor: Greek Profligacy Hits Bulgaria
From The Washington Times (washingtontimes.com) By Richard W. Rahn
Whether you are a homeowner or a country, it is better to have responsible rather than irresponsible neighbors.
Two of Greece's neighbors are Macedonia and Bulgaria. The Greek financial crisis is causing pain in both neighboring countries, but much more so in Macedonia. The OHRID Institute, a Macedonian free-market policy organization, and the Vienna, Austria-based Hayek Institute sponsored a conference in Skopje, Macedonia, last week, in which local and international government officials, private business leaders and scholars met to discuss the global financial situation and its impact on the Balkans.
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