Emerging Europe's Deleveraging Dilemma

From Project Syndicate RSS-Feed Tue Dec 18 2012, 11:50:10

Since 2011, the eurozone-based parent banks that dominate emerging Europe's banking sector have been under pressure to deleverage - with potentially serious consequences for a fragile region. By ensuring orderly deleveraging, multilateral lenders and private banks can help to put emerging Europe on a more sustainable growth path.

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