The International Monetary Fund, in a report for the European economy
…The IMF notes that Greece is currently the only country in Europe with a large output gap, ie its real GDP is at a much lower level than potential GDP. At the same time, the IMF recommends strengthening efforts to combat corruption in Greece, but also the withdrawal of Greek banks from the Balkans….
…With regard to the banking system, it notes that by the end of 2015, the requirements of Italian and Greek banks accounted for an average of over 18% of GDP in Albania, Bosnia and Herzegovina, Skopje and Serbia.
«At present, concerns concern only some Greek banks,» the report said, and stressed that the Greek banks’ affiliates have put pressure on the liquidity-footed parents in recent years. And he stressed the need for the withdrawal of domestic credit institutions from the Balkan region…