Central and Eastern Europe must not be lumped together

The Czech National Bank has accused Western media of scaring off investors through undifferentiated reporting on Central and Eastern Europe. The business paper Hospodářské noviny fully agrees: "The Czech Republic has extended almost no loans in foreign currencies. ... Czech banks are not dependent on loans from the bank market. Slovakia and Slovenia are to a certain extent protected by the euro. ... Poland, Hungary, Romania and Bulgaria are countries in jeopardy. ... In Lithuania, Estonia and Latvia loans drastically exceed bank deposits. ... Investors can hardly lump Central and Eastern Europe together in one basket like that."

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