Deleveraging fears for CEE overdone, says Erste’s Wimmer

Fears of fast deleveraging in the CEE are overdone, according to Manfred Wimmer, CFO of Austria’s Erste Bank. He sees little need for the second incarnation of the Vienna Initiative, dubbed 2.0, which aims to preserve capital in emerging Europe and avoid a chaotic deleveraging in the region, writes Francesca Young.

  • 03 Aug 2012
Last week the European Council, European Investment Bank, the EBRD, IMF and the World Bank renewed their calls for any deleveraging in central, eastern and south-eastern Europe (CESEE) to be only gradual, citing fears that the positive effects of the European Central Bank’s three year long term refinancing ...

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