Some €180 billion in loans are ‘at risk’ in Central and Eastern Europe. If they went bad, could Western banks afford it? Should the West intervene now?
Nobody knows just how fast these “at-risk” loans are turning into NPLs, just that they are. The European Bank for Reconstruction and Development (EBRD), which warned of a potential emerging-Europe banking crisis in a May report on the region, says NPLs are up in the last few months. EBRD analysts are crunching numbers now to get a clearer sense of the problem, but current data are soft, many economists concede.
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Neighbors brace for fallout from Latvian crisis
Forbes - ?2 hours ago?
… said it would borrow euro3 billion ($4.2 billion) from the European Central Bank to safeguard its foreign currency reserves during the financial crisis. …
Crisis in the Baltics Times Online
Latvia PM says confident of keeping lat peg guardian.co.uk
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