Wolfgang Münchau arvab, et eurotsooniga liitumist peaks lihtsustama.
CEE kommentaarid Ft's hakkavad pisut tasakaalukamaks muutuma?
huvitav lugu jah, kohe pidi ju Ida-Euroopas taevas alla kukkuma ja nüüd äkki hoopis sedapidi
Also, even in recession, the region’s economies are this year forecast to perform better than those of western Europe. CEE’s advantage of low-cost, high-quality labour remains in place.
Also, even in recession, the region’s economies are this year forecast to perform better than those of western Europe. CEE’s advantage of low-cost, high-quality labour remains in place.
see on tegelikult väga huvitav, kuidas Aasia kriisi (mida kohalikud "IMF-i kriisiks") tulemusena seal tootmine jälle odavamaks muutus ja kuidas praegu CEE-ga sama trikk läbi viiakse.
WASHINGTON, Feb 26 (Reuters) - Global development banks on Thursday launched a coordinated two-year plan to lend up to 25 billion euros ($31.7 billion) to shore up banks and businesses in crisis-hit eastern and central Europe.
Romania could receive about €20bn ($25.3bn, £18.3bn) in an International Monetary Fund-led rescue package as the result of negotiations between Bucharest and the IMF due to resume on Wednesday.
Kusjuures, tööjõu skill level on CEE's parem kui Aasias. Seega need riigid, kus valuutakurss on paindlik, meelitavad ilmselt tootmisbaasi nii eurotsoonist kui isegi Aasiast.
Moody's on märganud, et "East Europe Credit Risks Vary"
Eastern Europe to Avoid Default, Rebound ‘Strongly,’ Mirow Says 2009-03-10 18:30:02.0 GMT
By Daryna Krasnolutska and Halia Pavliva
March 10 (Bloomberg) -- Eastern European economies will avoid debt defaults and “bounce back strongly” after the global financial crisis, said Thomas Mirow, president of the European Bank for Reconstruction and Development.
“What we are now facing in some countries in eastern Europe is a severe recession but not a collapse,” Mirow said today in a speech at the London School of Economics released in advance to the media. “It would however be a grave mistake to paint the future in colors too bleak. The situation today is serious, but it is manageable.”
The economies of former communist countries have been shaken by the drying up of credit and investment after years of unprecedented growth as the region integrated with the wealthier West. Some, including Hungary, Latvia, and Ukraine were forced to take international bailouts to stabilize their finances.
Ukraine faces an economic contraction of as much as 10 percent in 2009 after nine years of growth. The Hungarian economy may slump 3.5 percent this year and record its worst performance in 16 years.
“There are strong underlying fundamentals in eastern Europe which remain in place and need to be protected,” said Mirow.
“We believe that eastern Europe will come out of the present crisis, perhaps bruised and battered, but not beaten.”
The London-based bank, set up to help former communist economies in transition, is urging the West to help the East.
‘All of Europe’
“Maintaining the flow of credit and not retrenching behind national borders is crucial for all of Europe,” said Mirow.
“Shutting the door to our neighbors now will also mean shutting the door to our own future.”
Ukraine is “the biggest concern” as it “is confronted with a multitude of problems,” said Mirow.
The nation’s economic meltdown is aggravated by political turbulence caused by struggles between Prime Minister Yulia Timoshenko and President Viktor Yushchenko over economic policies, which are hampering decision-making.
The government’s plan to run a state budget deficit of 5 percent of gross domestic product this year has jeopardized cooperation with the International Monetary Fund.
The Washington-based lender approved a $16.4 billion loan to Ukraine in November and disbursed the first installment of $4.5 billion. The second tranche, expected in mid-February, has been delayed indefinitely.
To get a resumption of IMF lending Yushchneko and Timoshenko pledged last week to hold “a joint position.”
“We have received the joint declaration of the authorities regarding their commitment to the program and we have welcomed this,” Conny Lotze, spokeswoman at the IMF office in Washington D.C., said via e-mail, answering Bloomberg questions. “We are continuing discussions with the authorities on specific measures.”
Mirow said the EBRD is “encouraged by the recent declarations of unity and the imminent return to Kiev of an IMF delegation. The stability of Ukraine is of crucial importance for the future of all Europe.”
For Related News and Information:
More stories on the EBRD: NI EBRD
Stories about east European banks: TNI EEU BNK Global credit crunch: CCRU Emerging markets view: EMMV On the EBRD: 6044Z LN DES Bailout & Rescue Programs: RESQ
--With reporting by Eduard Gismatullin and Agnes Lovasz in London, Balazs Penz in Budapest. Editors: Chris Kirkham
To contact the reporter on this story:
Daryna Krasnolutska in Kiev at +38-044-490-1252 or dkrasnolutsk@bloomberg.net Halia Pavliva in New York at +1-212-617-72-21 or hpavliva@bloomberg.net
To contact the editor responsible for this story:
Alan Crosby at +420-2-2442-2112 or
acrosby1@bloomberg.net
By Daryna Krasnolutska and Halia Pavliva
March 10 (Bloomberg) -- Eastern European economies will avoid debt defaults and “bounce back strongly” after the global financial crisis, said Thomas Mirow, president of the European Bank for Reconstruction and Development.
“What we are now facing in some countries in eastern Europe is a severe recession but not a collapse,” Mirow said today in a speech at the London School of Economics released in advance to the media. “It would however be a grave mistake to paint the future in colors too bleak. The situation today is serious, but it is manageable.”
The economies of former communist countries have been shaken by the drying up of credit and investment after years of unprecedented growth as the region integrated with the wealthier West. Some, including Hungary, Latvia, and Ukraine were forced to take international bailouts to stabilize their finances.
Ukraine faces an economic contraction of as much as 10 percent in 2009 after nine years of growth. The Hungarian economy may slump 3.5 percent this year and record its worst performance in 16 years.
“There are strong underlying fundamentals in eastern Europe which remain in place and need to be protected,” said Mirow.
“We believe that eastern Europe will come out of the present crisis, perhaps bruised and battered, but not beaten.”
The London-based bank, set up to help former communist economies in transition, is urging the West to help the East.
‘All of Europe’
“Maintaining the flow of credit and not retrenching behind national borders is crucial for all of Europe,” said Mirow.
“Shutting the door to our neighbors now will also mean shutting the door to our own future.”
Ukraine is “the biggest concern” as it “is confronted with a multitude of problems,” said Mirow.
The nation’s economic meltdown is aggravated by political turbulence caused by struggles between Prime Minister Yulia Timoshenko and President Viktor Yushchenko over economic policies, which are hampering decision-making.
The government’s plan to run a state budget deficit of 5 percent of gross domestic product this year has jeopardized cooperation with the International Monetary Fund.
The Washington-based lender approved a $16.4 billion loan to Ukraine in November and disbursed the first installment of $4.5 billion. The second tranche, expected in mid-February, has been delayed indefinitely.
To get a resumption of IMF lending Yushchneko and Timoshenko pledged last week to hold “a joint position.”
“We have received the joint declaration of the authorities regarding their commitment to the program and we have welcomed this,” Conny Lotze, spokeswoman at the IMF office in Washington D.C., said via e-mail, answering Bloomberg questions. “We are continuing discussions with the authorities on specific measures.”
Mirow said the EBRD is “encouraged by the recent declarations of unity and the imminent return to Kiev of an IMF delegation. The stability of Ukraine is of crucial importance for the future of all Europe.”
For Related News and Information:
More stories on the EBRD: NI EBRD
Stories about east European banks: TNI EEU BNK
--With reporting by Eduard Gismatullin and Agnes Lovasz in London, Balazs Penz in Budapest. Editors: Chris Kirkham
To contact the reporter on this story:
Daryna Krasnolutska in Kiev at +38-044-490-1252 or dkrasnolutsk@bloomberg.net Halia Pavliva in New York at +1-212-617-72-21 or hpavliva@bloomberg.net
To contact the editor responsible for this story:
Alan Crosby at +420-2-2442-2112 or
acrosby1@bloomberg.net
Nojah. Veidi aega oli/on neid õõvastavaid jutte eurotsooni nõrgestamiseks võib olla isegi vaja, vaadates millise sõnnikuviskamisega UK ja USA ise samal ajal tegelesid. Sutsu veel ja see ECB "behind the curve" leiab tõlgendamist, kui lihtsalt hoopis teisele teele keeramine juba mõnda aega enne kurvi :-)
SNB QE peaks mõndele CEE riikidele päris olulise mõjuga olema.
võib olla küll.
The Swiss franc dropped 2.6 per cent to SFr1.5192 against the euro and dropped 3.2 per cent to $1.1894 against the dollar. SNB interventsioon eile võib CHF-is laenu võtnu jaoks elu pisut lihtsamaks teha.
The Swiss franc dropped 2.6 per cent to SFr1.5192 against the euro and dropped 3.2 per cent to $1.1894 against the dollar. SNB interventsioon eile võib CHF-is laenu võtnu jaoks elu pisut lihtsamaks teha.
Also sprach Zarathustra - nii räägib EC kes peaaegu kõik oma positsioonid Baltimaades kinni pani. Kas see avaldus tähendab tagasitulekut?
Schlag, ma arvan, et see tähendab seda, et mingit stoorit on vaja ju müüa.
EU Would Help More Eastern Nations, Merkel Says (Update1)
2009-03-19 11:42:20.308 GMT
(Adds banking talks in second paragraph.)
By Tony Czuczka
March 19 (Bloomberg) -- European Union countries that run into a financial crisis can count on international help, German Chancellor Angela Merkel said, pledging “solidarity” with former communist states in eastern Europe.
Germany’s government has also agreed to talk to the International Monetary Fund and the European Bank for Reconstruction and Development about possibly helping restructure eastern European banks, Merkel said.
“We will help member states that get into a financial emergency,” Merkel said today in a speech to the parliament in Berlin before attending an EU summit in Brussels. “We showed that in the cases of Hungary and Latvia. And if it hits other member states, we will do the same.” Merkel didn’t say whether the pledges involve additional money.
EU leaders are considering increasing resources for the EU’s
25 billion-euro ($32 billion) balance-of-payments aid program for ex-communist member nations, according to a draft statement prepared for the summit starting today.
Eastern Europe is “an important export market” for Germany, Merkel said. “If credit and financial markets completely seize up there, it’s not just damaging for those countries, but it shows that taking action is in our own interest. So we want to help.”
EU countries in financial straits “can count on our solidarity -- we’ve repeatedly made that clear,” Merkel said.
Ex-communist EU nations Hungary and Latvia won international bailouts to avert defaults and, together with Romania, have sought IMF aid. Eastern Europe’s economies will shrink 0.4 percent this year, the IMF predicted in January.
EU leaders this month rejected pleas for a special aid package for eastern Europe and vetoed Hungary’s call for loans of 180 billion euros for ex-communist economies.
ETF launched for Poland.
For the first time, investors will be able to invest in an ETF that focuses exclusively on Poland. The ETF, launched Wednesday by New York-based Van Eck, is called The Market Vectors Poland ETF ( PLND), and will track the 26-company Market Vectors Poland Index and trade on the NYSE Arca Exchange. Some 41% of the underlying index is composed of companies with a market cap greater than $5B, with almost 50% in mid-caps. Jan van Eck, principal of Van Eck Global, said Poland is the "largest and fastest growing economy in Central and Eastern Europe" and recently surpassed Belgium and Sweden.
ise just midagi sellist oodanud
ei meeldi nüüd ainult see et suurim osa suunaga pangandusse