Economist James Henry explains how European bank lending to Ukraine and neighboring countries has increased threefold to $1.4 trillion since 2005: Austria in particular has about 35 percent of their total foreign bank loan portfolio in these nine countries. Germany has about 5 percent. Italy has 27 percent. And, amazingly, Greece and Portugal, which we, you know, associate with being bankrupt themselves, have put 18 to 20 percent of their loans into Ukraine and its neighbors--Hungary, Slovakia, Poland, Belarus, Bulgaria, and Russia itself.
Posted on: Mon, 17 Mar 2014 01:30:34 +0000
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