EU Commission: Intl Co-ordination Helped Avert Bank Crisis In Central And Eastern Europe

Sponsored Links

Co-ordination among international and European banks helped to mitigate bank crisis in Central and Eastern Europe, the European Commission said Friday.

"A combined effort of appropriate host government policies, massive international support and parent bank engagement has helped stabilize the economies in the economies in the region," the Commission said.

Further, it said the economic outlook for the region is improving, though it faces important challenges. "Ensuring financial system health and putting in place policies to avoid future crises must remain a key concern, while ensuring that recovery in the economy is supported by adequate supply of credit."

Co-ordination among international and European banks helped to mitigate bank crisis in Central and Eastern Europe, the European Commission said Friday. (Market News Provided by RTTNews)