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Bulgaria and Romania Most at Risk from Greece
Morgan StanleyBulgaria and Romania are among countries "most at risk" from potential spillovers from Greece after banks invested in central and eastern Europe, according to Morgan Stanley. "Greek banks will seek to move away from the external funding model for their emerging Europe subsidiaries, and try to grow the local deposit base faster than loans, to reduce leverage; in the extreme, they ...Read
Morgan StanleyBulgaria and Romania are among countries "most at risk" from potential spillovers from Greece after banks invested in central and eastern Europe, according to Morgan Stanley. "Greek banks will seek to move away from the external funding model for their emerging Europe subsidiaries, and try to grow the local deposit base faster than loans, to reduce leverage; in the extreme, they ...Read
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