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To: Haim R. Branisteanu who wrote (78120)	4/22/2008 1:15:09 AM
From: critical_mass	Respond to of 116555

This article has some stats for current account deficits in E. Europe. Eastern Europe 'in danger of a hard landing' <snip> The IMF said lenders in Eastern Europe had built up "large negative net foreign positions" during the boom, especially in the Baltic states. "Liquidity for these banks has all but dried up and [interest] spreads have widened 500 basis points." Many of these countries rely on credit from branches of West European and Nordic banks, but these foreign lenders are having difficulty raising money on the global capital markets. </snip> telegraph.co.uk