Author: Gordon Platt

European Banking Crisis: Impact On Emerging Markets Economies

Emerging markets economies’ outstanding debt held by EU banks as a % of their GDP.

“EM countries that rely heavily on European banks to raise funds will have to either switch that funding to non-European banks or see their economies shrink because borrowers cannot get access to loans.”

– Christine Hurtsellers, CIO Fixed Income, ING

FROM GFMag.com OUR ONLINE READERS HAVE THEIR SAY

Which part of the world will provide the next BRICS (new leading emerging markets based on economic growth)?

What country’s elections in 2012 will have the largest impact on global markets going forward?