EBRD President: Bulgaria Potentially at Risk from Greece Crisis

Mirow continued that the EBRD is in contact with the International Monetary Fund and other institutions to prevent such risks from materializing. Photo by EBRD

The President of the EBRD, Thomas Mirow, has said that he is aware of the potential risk to Bulgaria from the Greek debt crisis.

Mirow, the President of the European Bank for Reconstruction and Development (EBRD) said Wednesday that he is "aware of potential risks" for countries including Bulgaria posed by the Greece crisis, but to date the region has seen no major impact, Dow Jones reported.

Mirow continued that the EBRD is in contact with the International Monetary Fund and other institutions to prevent such risks from materializing.

Mirow concluded that he sees three possible channels of contagion from Greece which include potential risks for those countries where Greek banks play a major role, notably Bulgaria, Romania and Serbia.

The EBRD was founded in 1991 to help countries in eastern Europe make the transition to market from centrally planned economies following the collapse of communism.

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