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February 16 2009

Failure to save East Europe will lead to worldwide meltdown - 2009-02-15 Telegraph.co.uk

The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point. - Austria's finance minister Josef Pröll made frantic efforts last week to put together a €150bn rescue for the ex-Soviet bloc. Well he might. His banks have lent €230bn to the region, equal to 70pc of Austria's GDP. "A failure rate of 10pc would lead to the collapse of the Austrian financial sector," reported Der Standard in Vienna. Unfortunately, that is about to happen.

January 11 2009

Telopolis 2009-01-07: Europa guckt in die Röhre

Russland und die Ukraine streiten sich ums Gas und der Westen bangt um seine Energiesicherheit - Deutschland fröstelt sich durch den Winter und vernimmt mit Sorge bedrohliche Nachrichten aus der fernen Ukraine. Der Gasstreit zwischen Russland und der Ukraine ist seit Neujahr eskaliert – heute versiegte erstmals die Gaslieferung in einigen osteuropäischen Ländern komplett und auch in Deutschland kommt bereits weniger Gas aus Russland an.
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