No Time for Complacency
After years of rapid growth, the countries of Eastern Europe have been especially hard hit by the world financial crisis. With the private banking sector likely to be preoccupied with the consequences of the financial crisis for years to come, investors value a strong public partner now more than ever before.
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LONDON – After years of rapid growth, the countries of Eastern Europe have been especially hard hit by the world financial crisis. Some required billions of dollars of international support. Even those countries that were better prepared were made painfully aware of the after-effects of crisis: export markets collapsed, commodity prices fell, and credit markets seized up.