Eastern Europe gong his deal crisis
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Interest rate savings is 10.5%. The Polish bank had to increase interest rates to mobilize deposits from people - Photo: IHT
Eastern European countries continue to stretch themselves to cope with difficulties after the International Monetary Fund (IMF) approved ratification packages emergency aid to 16.5 billion USD Ukraine.
According to Reuters, IMF is now urge the conference in Kiev Singer quickly through legislation approved aid package, at the same time calling around the country carried out the reform plan their budgets. According to Reuters, the government is preparing Hungary spiritual risk of degradation in the next year, while Poland has also ratified the route application of euros to find ways to prevent spreading momentum of the current crisis.
The credit crisis has been superimposed on a strong almost all Asian countries and Eastern Europe, the countries which has a platform economics remained low with many mistakes. Other economists think the area is safe because it is affected by bad debts. However, psychological fear has led the foreign investors to sell stocks and served running on the market more secure, powerful influence to the stock market, currency and debt situation of the country.
Hungary, Ukraine and similar countries Iceland, are calling for IMF aid of the financial background. This country will inform policy changes financial year 2009 to cope with the risk of degradation. Hungarian Prime Minister Ferenc Gyurcsány said economy in this country can develop negative 1% in the year ahead. In Romania, the government was forced to stop legislation to increase wages 50% more for teachers before the status of retail outlets of this depreciation. Latvia and Lithuania 27-10 today also declared will have to reduce budget shortfalls deep down below the 1.85% of GDP as projected initially.
Although optimistic after the IMF aid was 16.5 billion USD, economic specialists warn credit is not than pharmaceutical research and will not Famous Ukraine exit status confused lace and political economy at present. VNA criticize the director of Research Institute of economic and policy consulting Burakovsky said Igor credit of the IMF can not "guarantee" economic growth, and if no reforms are necessary, assistance of the IMF may be "suspending any time". He rated loans from the IMF primarily bearing nature "psychological impact", assurance of investors rather than solve the crisis in Ukraine.
Planning Director Frank Walter Steinmeier Germany warning the world only "six days" to save Pakistan from breaks status debit and hope IMF may soon provide loan agreement with this country in one to two days. Pakistani current needs 4-5 billion USD to pay the account interest loans and other debt obligations for the fiscal year to May 6-2009. It is expected in this country need about 12-15 billion USD of the IMF.
ItaExpress