Bulgaria Vulnerable to Developments in Greece - Reuters

Ex-communist countries in Central and Eastern Europe are vulnerable to the crisis in Greece, a Reuters report reads, citing examples from Bulgaria.

The owner of a textile factory whose customers are exclusively Greek is interviewed and explains she doesn't know if she can manage if international lenders' demands are rejected in the Sunday referendum and turmoil lasts on, according to the text published by Channel News Asia.

"I worry now very much for my people, because they have families, they have loans to the banks. If they cannot pay their loans, they will have problems too," she is quoted as saying.

Tourist flow goes both ways, with Bulgarians visiting Greek beaches and ancient sites and Greeks opting for Bulgaria's mountains or just for a cheap shopping trip. But in Sandanski, Southwestern Bulgaria, a drop in tourists from  has been registered over the last two years, and revenues from Greek visitors are at EUR 100 000 a month, down from EUR 1.5 M.

The full text is available here.

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