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IMF: Higher Risks for Austrian Banks in CESEE

Published: November 28, 2012; 20:17 · (Vindobona)

In an interview with the Austrian news magazine “Presse”, IMF´s Executive Director Johann Prader explained that the European debt crisis has arrived in Central, East and Southeast Europe.

IMF: Higher Risks for Austrian Banks in CESEE / Picture: © IMF

According to Prader, the euro-crisis also affects non-Eurozone members in the European periphery. For Austrian banks, another shock in CESEE countries may cause substantial difficulties, Prader says.

At the moment, the euro-crisis is a risk factor for Austrian banks. However, the risk is still manageable, Prader says. The economist explains that Austrian banks become more stable…

This article includes a total of 195 words.

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