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	<title>Comments on: Eastern Europe meltdown &#8211; impact on Austria and EU banks</title>
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	<link>http://seekerblog.com/2009/02/22/eastern-europe-meltdown-impact-on-austria-and-eu-banks/</link>
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		<title>By: Marcus Berry</title>
		<link>http://seekerblog.com/2009/02/22/eastern-europe-meltdown-impact-on-austria-and-eu-banks/#comment-1020</link>
		<dc:creator><![CDATA[Marcus Berry]]></dc:creator>
		<pubDate>Fri, 27 Feb 2009 09:50:00 +0000</pubDate>
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		<description><![CDATA[Dear John,

Very interesting article. I&#039;m a journalist in Geneva, Switzerland digging around looking at the situation from a national perspective and have a couple of questions if you don&#039;t mind?

- How much of the 1.7 tn lent to Eastern Europe is in Swiss francs?
- If defaults became commonplace in EE what effect might it have on the Swiss franc?
- Here Swiss bankers tell me that they&#039;re not really exposed, but your article suggests otherwise, taking into account the loans to Austria who would consequently be unable to meet their repayments to Switzerland. Is that a likely scenario?
- Would enjoy speaking to you over the phone if possible?

I manage a Swiss news information service in English called Swisster.ch.

All the best,

Marcus Berry]]></description>
		<content:encoded><![CDATA[<p>Dear John,</p>
<p>Very interesting article. I&#8217;m a journalist in Geneva, Switzerland digging around looking at the situation from a national perspective and have a couple of questions if you don&#8217;t mind?</p>
<p>- How much of the 1.7 tn lent to Eastern Europe is in Swiss francs?<br />
- If defaults became commonplace in EE what effect might it have on the Swiss franc?<br />
- Here Swiss bankers tell me that they&#8217;re not really exposed, but your article suggests otherwise, taking into account the loans to Austria who would consequently be unable to meet their repayments to Switzerland. Is that a likely scenario?<br />
- Would enjoy speaking to you over the phone if possible?</p>
<p>I manage a Swiss news information service in English called Swisster.ch.</p>
<p>All the best,</p>
<p>Marcus Berry</p>
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