Emerging Europe still faces funding crisis, says Vienna Initiative
A European Commission-led scheme that was created to avoid chaotic deleveraging in central, eastern and south eastern Europe has warned that a funding crisis in emerging Europe is still a big worry despite analysts making hopeful predictions at the end of 2012 that the threat was abating.
Representatives of the Vienna 2.0 Initiative said on Tuesday that its prediction made in November last year that foreign parents would begin tapering off funding reductions to their subsidiaries was incorrect.
Since mid-2011, the foreign parents of banks in central, eastern and south eastern Europe — most of which are French
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