The chief executive of one of Europe’s biggest banks has warned that the continent’s economic recovery could be damaged, particularly in eastern Europe, if the threat of a “heart attack” in Greece was not addressed. Alessandro Profumo, chief executive of Italy’s UniCredit, which has a vast network across eastern Europe, said a growing aversion to risk triggered by the Greek debt crisis would hit the cost of doing business in central and eastern Europe.

This entry was posted by Gwen Robinson on Wednesday, February 10th, 2010 at 5:14 and is featured in The 6am Cut London (10 Feb 2010) . Tagged with Greece, unicredit. Edit this entry.