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.
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“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 |
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FROM GFMag.com OUR ONLINE READERS HAVE THEIR SAY |
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Which part of the world will provide the next BRICS (new leading emerging markets based on economic growth)? |
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What country’s elections in 2012 will have the largest impact on global markets going forward? |
