Sponsored Content
Exposure in Eastern Europe Remains Austria´s Weak Point
Politics ♦
Published: May 30, 2012; 15:52 ♦ (Vindobona)
Sponsored Content
The Commission of the European Union warned Austria of the big exposure of domestic banks in Eastern Europe. Moreover, the austerity package was criticized.
Exposure in Eastern Europe Remains Austria´s Weak Point / Picture: © Vindobona.org
„Austria faces special challenges due to the big exposure of ist banks in the countries of Central and Eastern Europe as the asset´s quality may deteriorate further.“ the EU-Commission states.
According to BIS (Bank for International Settlements), the exposure of Austrian banks in the countries of Central and Eastern Europe totaled $ 295bn in the third quarter of 2011. In…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Sponsored Content