Eurozone crisis in Balkan

The measures taken by the European Commission and the other agencies directly affect not only the economies of the Eurozone, but also those of the region and Albania.

The European Banking Authority, an agency tasked to supervise European banks, issued a law that obliges banks to increase the capital with 115 billion EUR within the first half of this year.

According to the calculations, the Greek Banks must gather 30 billion EUR, the Spanish 26 billion EUR, the Italian and French respectively 15 and 9 billion EUR. Many of these banks are the main loaners for Eastern Europe, including Albania.

Since the shareholders have no free funds, the banks are obliged to secure most of this fund by reducing the so called dangerous active loans, in which are included the loans for the economy and the governments treasury bonds.

The EBRD and other specialized institutions warn that Eastern Europe will be the region that will suffer more from this phenomenon, with the banks offering less loans and investments in government debts, by causing damage to the already weak economic growth.

Albania seems the best positioned in the region, due to the good loandeposit relations, which means that the loans that the banks give are funded by the deposits of the Albanian clients themselves.

However, experts say that our country is not immune. A few days ago, World Bank experts mentioned a case when a bank warned to shrink the investment funds for Albania. Last year, the loans for the economy raised with 12%, but if the Eurozone crisis will not find a solution, the pressure for shrinking the activity will increase even more.

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