IMF: Higher Risks for Austrian Banks in CESEE
In an interview with the Austrian news magazine “Presse”, IMF´s Executive Director Johann Prader explained that the European debt crisis has arrived in Central, East and Southeast Europe.
According to Prader, the euro-crisis also affects non-Eurozone members in the European periphery. For Austrian banks, another shock in CESEE countries may cause substantial difficulties, Prader says.
At the moment, the euro-crisis is a risk factor for Austrian banks. However, the risk is still manageable, Prader says. The economist explains that Austrian banks become more stable…