BUSINESSWEEK ONLINE : MAY 10, 1999 ISSUE
INTERNATIONAL BUSINESS

The Cost of War in Europe


-- An important shipping route along the Danube has been blocked since Apr. 3. Summer tourism, critical to the economies of Italy, Greece, and Croatia, could fall off.

-- Fears of ground-war combat have further depressed the beleaguered euro since air strikes began. Investor confidence has dropped.

-- While the U.S. finances most of the war, Europe handles far more refugees and looks likely to be eventually saddled with Balkan reconstruction--which grows more costly with each bomb that falls.


DATA: BUSINESS WEEK


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Kosovo's Fallout

TABLE: The Cost of War in Europe



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