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EUROPE'S EASTERN RAILOUT

机译:欧洲的东部突袭

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摘要

Justover ayear ago, banks in Central and Eastern Europe were staring into the abyss.The financial crisis had brought an abrupt end to a decade of breakneck growth and exposed a dangerous dependence on overseas liquidity, and widespread currency mismatches that threatened a surge in loan defaults. A plunge in global trade had sent the region's economies tumbling into the worst recession since the collapse of Communism in 1989. Bank executives and government officials feared that Western institutions, which control the bulk of CEE assets, might cut off funding for their Eastern subsidiaries to save their domestic businesses.
机译:就在一年前的今天,中欧和东欧的银行都陷入了深渊。金融危机突然结束了十年的突飞猛进的增长,暴露了对海外流动性的危险依赖,以及广泛的货币错配,威胁了贷款违约率的上升。 。全球贸易的暴跌使该地区的经济陷入了自1989年共产主义崩溃以来最严重的衰退。银行高管和政府官员担心,控制大部分CEE资产的西方机构可能会切断其东部子公司的资金,以保存他们的国内业务。

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