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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (10224)	3/31/2009 11:04:51 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

Totally different funding sources, and appropriations. The money the EU has appropriated (thus far) to support Eastern Europe in this financial crisis is 50 Billion Euro. (Hungary, Poland, Baltics, Balkans, are some of the receiving areas I think). The money that the IMF has (so far, perhaps more states later...) given in that region has gone to Ukraine, Romania, Bulgaria (I think....) Worse trouble may lie ahead --- I have read that Austria is going to be in particularly bad shape... because it's banks accounted for most of the loans (denominated in Euros) to other Eastern European nations, (loans totaling several hundred percent of Austria's GNP), which loans are now in distress because the local currencies have devalued against the Euro. I have read that the total extent of these souring loans is greater in size then the entire Asian currency crisis of a decade ago....