Euro Area: Exposure to the Crisis in Central and Eastern Europe

Euro area banks’ losses on loans in Central and Eastern Europe (CEE) will be substantial due to an unfortunate mix of collapsing property prices, economic downturn and exchange rate depreciation. Austria is by far the most exposed country, but the government can afford to absorb the losses. Belgium, which is…

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This entry was posted on Monday, February 23rd, 2009 at 6:10 pm and is filed under currency trading, day trading, forex currency trading, forex trading, trade forex. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.