NBR governor Mugur Isarescu at the end of last week discussed with the director of the Department for the Supervision of Credit and Financial Institutions of Greece, Ioannis Gousios, with Ivan Iskrov, National Bank of Bulgaria governor, with Athanasios Orphanides, National Bank of Cyprus governor, and with the officials of another three central banks in the region on financial system soundness, considering that international investors are worried again about the emerging economies in the region, which could be hurt by Greece's current fiscal and financial woes. "Discussions centred on recent financial and macroeconomic problems, banks' situation and outlooks, as well as on changes in the regulation framework in this region. Participants concluded that, despite international financial turmoil, the banking system of each country in SE Europe is still sound and adequately capitalised," say NBR representatives. No less than seven Greek financial groups are present domestically.

NBR governor Mugur Isarescu at the end of last week discussed with the director of the Department for the Supervision of Credit and Financial Institutions of Greece, Ioannis Gousios, with Ivan Iskrov, National Bank of Bulgaria governor, with Athanasios Orphanides, National Bank of Cyprus governor, and with the officials of another three central banks in the region on financial system soundness, considering that international investors are worried again about the emerging economies in the region, which could be hurt by Greece's current fiscal and financial woes. "Discussions centred on recent financial and macroeconomic problems, banks' situation and outlooks, as well as on changes in the regulation framework in this region. Participants concluded that, despite international financial turmoil, the banking system of each country in SE Europe is still sound and adequately capitalised," say