Qualified advisers answering your
Financial Questions
call 0800 092 1245

Gordon Brown highlights concerns for Eastern Europe

As news starts to filter through to the stock market that Hungary has received a multibillion pound IMF bailout payment it seems that the ongoing credit crisis has now spread to Eastern Europe which had for some time been insulated from the effect. We are starting to see many of the so-called emerging markets struggle with finance very thin on the ground and investors very concerned about the short to medium term outlook.

These problems could literally undo many years of investment and financial planning in these markets which are often seen as the growth markets of the future. As many of these Eastern European countries recently joined the EU they have already received multibillion pound investment packages to allow them to improve their legal framework, regulations and the financial well-being of the country as a whole.

As yet these developing nations are unable to contribute a significant tax income stream to the Central European investment fund and it looks as though this need additional funding will yet again impact upon developed nations such as the UK. While it would be wrong to say about the EU could fall apart because of these finance issues there is sure to be some friction between those expected to fund new members.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details