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February 25, 2009 | Where is the Money to Help Eastern Europe?

Eastern Europe is acutely hit by the economic crisis and WB President Zoellick estimates that the region would need $120bn to recapitalize its banks. ++ Western Europe, as the main investor and credit provider in the region, is however not immune from the critical state of its neighbor. ++ Western European banks have thus started cutting money supplies to the East fearing that the incapacity of

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