Trouble in paradise

As the financial crisis rages on, the real estate world is finally facing up to one question, which until recently had not even occurred to investors: Will the Bulgarian and Romanian markets be the next big bubbles to burst?  Mladen PetrovJournalists all around the world are posed with the same problem: how to start yet another article about the financial crisis without repeating themselves. And all the while, as reporters, analysts, bankers and politicians are running out of words, the panic keeps unfolding, claiming more and more victims all the time. As it turns out, Iceland is not going to be the only European country that makes it to the front pages. The consequences of the financial crisis are already being felt in the CEE region. The first victimsThe Baltic states, particularly Estonia and Latvia, were the first which were tagged as “countries in recession”. Once booming, now these two countries are to face the consequences of their previous rapid growth, easy acces