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It looks bad all over Eastern Europe, not just in Hungary, as Jeff Borack describes how Romania...

It looks bad all over Eastern Europe, not just in Hungary, as Jeff Borack describes how Romania and Bulgaria also pose threats because of their interconnectedness with the broader banking system. Countries most exposed to Romania and Bulgaria include Greece, Austria and Italy - but everyone else must worry about the systemic effect.
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Comments (6)
  • supergreenbird
    , contributor
    Comments (14) | Send Message
     
    Jeff who? If seems articles from every tom, dick and harry can make the headlines in Seeking Alpha. Maybe we should get Shaquille O'Neal to write a piece about Eastern Europe as well?
    10 Jun 2010, 05:33 PM Reply Like
  • Frank Choi
    , contributor
    Comments (115) | Send Message
     
    It isn't so much who the messenger is, but the fact that everyone can connect the dots on their own. The only people that don't want to see that happen are the very same authorities telling you lies that everything is ok. Don't believe everything you hear and read-- that goes for central bankers and government officials too.
    10 Jun 2010, 05:48 PM Reply Like
  • supergreenbird
    , contributor
    Comments (14) | Send Message
     
    So should officials go on national TV everyday and tell you that the doom is near? What will the impact be on the economy? Is this something that we want?

     

    And saying that the end is near is something in which the rating agencies are very good at. Just look at the mess they created for the world economy at a time when it is least needed.

     

    It's good that everyone has an opinion, but a piece of badly done research shouldn't appear on the headlines - otherwise, the credibility of Seeking Alpha as a financial journalism site is going down the drain.
    11 Jun 2010, 12:17 AM Reply Like
  • American in Paris
    , contributor
    Comments (5504) | Send Message
     
    Frank,

     

    Believe spare us the paranoia. Hungary's deficit/GDP ratio is one of the lowest in Europe.

     

    And people are not connecting the dots properly.
    10 Jun 2010, 06:44 PM Reply Like
  • nyuszika45
    , contributor
    Comments (633) | Send Message
     
    My curiosity is piqued by the idea that these three are back on the radar screens. After dropping off the horizon in late 2008, early 2009, if I recall correctly, all of a sudden, up pops a concern for Hungary, Romania, and Bulgaria. Did they all go freeze-dried for the last 18 months? I remember well discussions of how Austria's exposure here would be almost fatal; at least that was the impression at the time.

     

    Why now? Why haven't these country issues been raised in an ongoing basis? Was there a stop-gap employed that is running out?

     

    Strange....
    10 Jun 2010, 11:08 PM Reply Like
  • supergreenbird
    , contributor
    Comments (14) | Send Message
     
    Because of the the blue, Seeking Alpha decided to put some ill conceived research by some kid who manages a portfolio on ka-ching (let me say that again: ka-ching) on the headlines.

     

    The Internet is full of crap, but this one is really below the belt for Seeking Alpha.
    11 Jun 2010, 12:19 AM Reply Like
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