{"id":11296,"date":"2009-02-17T01:46:53","date_gmt":"2009-02-17T01:46:53","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ambrose_evans_pritchard_failure_to_save_east_europe_will_lead_to_worldwide\/"},"modified":"2009-02-17T01:46:53","modified_gmt":"2009-02-17T01:46:53","slug":"ambrose_evans_pritchard_failure_to_save_east_europe_will_lead_to_worldwide","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11296","title":{"rendered":"Ambrose Evans-Pritchard: Failure to save East Europe will lead to worldwide meltdown"},"content":{"rendered":"<p>If mishandled by the world policy establishment, this debacle is big enough to shatter the fragile banking systems of Western Europe and set off round two of our financial G\u00c3\u00b6tterd\u00c3\u00a4mmerung.<\/p>\n<p>Austria&#8217;s finance minister Josef Pr\u00c3\u00b6ll made frantic efforts last week to put together a \u00e2\u201a\u00ac150bn rescue for the ex-Soviet bloc. Well he might. His banks have lent \u00e2\u201a\u00ac230bn to the region, equal to 70pc of Austria&#8217;s GDP.<\/p>\n<p>&#8220;A failure rate of 10pc would lead to the collapse of the Austrian financial sector,&#8221; reported Der Standard in Vienna. Unfortunately, that is about to happen.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/comment\/ambroseevans_pritchard\/4623525\/Failure-to-save-East-Europe-will-lead-to-worldwide-meltdown.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If mishandled by the world policy establishment, this debacle is big enough to shatter the fragile banking systems of Western Europe and set off round two of our financial G\u00c3\u00b6tterd\u00c3\u00a4mmerung. Austria&#8217;s finance minister Josef Pr\u00c3\u00b6ll made frantic efforts last week<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11296\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,595,149,200,585,596],"tags":[],"class_list":["post-11296","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-credit-markets","category-economy","category-europe","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11296"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11296\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}