17/03/2009
More of the same
"Most of the Eastern European debt is held by Western European banks. [...] loans by Austrian banks to Eastern European countries are almost equivalent to 70 percent of Austria’s G.D.P. Now, Italy and Austria can’t afford to bail out even their own banks."
On the list of almost bankrupt countries in europe, we had iceland, ireland, a baltic countries or too. Guess we need to prepare to a bigger list, at least according to the new york times
