Friday, November 25, 2011

Europe's banking system reeling again

Finansy18-12-2009 banking system of Europe once again reeling Eastern Europe expects a significant outflow of Western capital, which, according to analysts, not to affect the course of some Eastern European currencies. In a number of monetary units, which will have a negative pressure includes the Czech koruna, Hungarian forint and Polish zloty, the weakening of which was noted in November this year. Fever is firmly tied to the economies of Eastern European countries the Greek and Austrian banking systems. Greek banks, as indicated by the Interfax news now forced to beg from the European Central Bank's emergency loans have, for example, 16% of the banking market of Romania and Serbia, and Bulgaria - all at 29%. International rating agency Standard & Poor's international scale credit rating lowered to Greece two days ago with a category «A-» to the category of "BBB +". It is clear that the scale used to determine the ability, in this case the state, promptly and fully pay for the combined loans, has 11 categories. They are designated by alphabetic "AAA", which means very high credit quality, to SD - and D. First - selective default on the debt obligation for the continuation of timely and full payment on other debt obligations. But the second - a full default.

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