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The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point.
If mishandled by the world policy establishment, this debacle is big enough to shatter the fragile banking systems of Western Europe and set off round two of our financial Götterdämmerung. Austria's finance minister Josef Pröll made frantic efforts last week to put together a €150bn rescue for the ex-Soviet bloc. Well he might. His banks have lent €230bn to the region, equal to 70pc of Austria's GDP. "A failure rate of 10pc would lead to the collapse of the Austrian financial sector," reported Der Standard in Vienna. Unfortunately, that is about to happen. The European Bank for Reconstruction and Development (EBRD) says bad debts will top 10pc and may reach 20pc. The Vienna press said Bank Austria and its Italian owner Unicredit face a "monetary Stalingrad" in the East
Originally posted by Hastobemoretolife
reply to post by redhatty
Well that answers a lot of questions. Still doesn't please me very much to know that the whole monetary system is essentially handled by people like Maddof.
So I guess the only thing to do is to work your butt off and gain financial independence and be very smart with your money.
Austria's finance minister Josef Pröll made frantic efforts last week to put together a €150bn rescue for the ex-Soviet bloc. Well he might. His banks have lent €230bn to the region, equal to 70pc of Austria's GDP.
"A failure rate of 10pc would lead to the collapse of the Austrian financial sector," reported Der Standard in Vienna. Unfortunately, that is about to happen.
The European Bank for Reconstruction and Development (EBRD) says bad debts will top 10pc and may reach 20pc. The Vienna press said Bank Austria and its Italian owner Unicredit face a "monetary Stalingrad" in the East.
www.telegraph.co.uk...
Originally posted by pause4thought
Get this:
UKRAINE DOWN 28.37%
Market Data thread
Originally posted by Criskahta
Originally posted by pause4thought
Get this:
UKRAINE DOWN 28.37%
Market Data thread
Thats very old....10-3-08
Originally posted by pause4thought
Originally posted by Criskahta
Originally posted by pause4thought
Get this:
UKRAINE DOWN 28.37%
Market Data thread
Thats very old....10-3-08
No - I'm afraid it's today's latest data. Check the bottom of the source page.
(Where did you get that from?)