Austria: Romania and other Eastern countries might push us into bankruptcy
Last week, Austrian Finance minister Josef Proll visited Romania, Croatia, Bulgaria and Ukraine. The main conclusions remitted after the tour are widely commented across newspapers on Sunday: if Austria intervenes to save Eastern banks, the internal budget will be overburdened and Austria will fall prey to bankruptcy.
Austrian analysts read that Romania is a top problematic area due to its high current account deficit and the high debt rates of the population for euro credits in particular.
Citeste mai multe despre austrian finance eastern european josef proll