Posts Tagged ‘eastern europe’

EU To Eastern Europe: Look For Help Elsewhere

Led by Germany, the EU turned its back on Eastern Europe today. European Union leaders rejected pleas for a 180 billion euro loan facility saying that the aid should properly come from international agencies like the IMF. So faced with the largest crisis in its history, the EU has come up wanting. Smaller members of […]

Eastern Europe: The Next Lehman Brothers?

And you thought that the financial crisis was contained. I’ve been harping on this for some time and now it appears to be closer to reality than many thought. The European banking system is dangerously close to being taken down by their version of subprime loans. As the ultra-bear Ambrose Evans-Pritchard explains in the Telegraph.co.uk, […]