Crisis hits central and eastern Europe

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Series Details 23.11.11
Publication Date 23/11/2011
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The autumn of 2011 is the most difficult times for banking in central and eastern Europe (CEE) since the immediate aftermath of the end of communism. In the 20 years to 2008, west European lenders came to dominate the sector in most countries except Russia. With the eurozone in crisis, many lenders are pulling in their horns even more drastically than they did when the global turmoil first struck in 2008-09.

Related Links
Die Presse, 24.11.11: Credit crunch comes to the East (via PressEurop) http://www.presseurop.eu/en/content/news-brief-cover/1209671-credit-crunch-comes-east

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