{"id":27281,"date":"2011-07-15T16:40:14","date_gmt":"2011-07-15T16:40:14","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bloomberg_euro_crisis_in_uncharted_territory_menaces_eastern_states\/"},"modified":"2011-07-15T16:40:14","modified_gmt":"2011-07-15T16:40:14","slug":"bloomberg_euro_crisis_in_uncharted_territory_menaces_eastern_states","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=27281","title":{"rendered":"(Bloomberg) Euro Crisis in \u201d\u02dcUncharted Territory\u2019 Menaces Eastern States"},"content":{"rendered":"<p>The European debt crisis has entered \u201cuncharted territory,\u201d\u009d rekindling concern it will spread eastward through banking and trade links, according to the European Bank for Reconstruction and Development.<\/p>\n<p>Italy\u2019s Unicredit SpA (UCG) and Intesa Sanpaolo SpA (ISP), two of eastern Europe\u2019s biggest lenders, fell to the lowest in more than two years July 11 as political infighting threatened to delay efforts to cut the budget deficit in the country with Europe\u2019s largest debt burden. European leaders this week failed to agree on a new aid package for Greece.<\/p>\n<p>\u201cWe are in uncharted territory,\u201d\u009d Erik Berglof, chief economist at the London-based EBRD, which invests in eastern Europe and Central Asia, said in a July 12 interview. \u201cThe source of the contagion seems to be in worse shape.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2011-07-13\/euro-crisis-in-uncharted-territory-menaces-eastern-states-berglof-says.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European debt crisis has entered \u201cuncharted territory,\u201d\u009d rekindling concern it will spread eastward through banking and trade links, according to the European Bank for Reconstruction and Development. Italy\u2019s Unicredit SpA (UCG) and Intesa Sanpaolo SpA (ISP), two of eastern<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=27281\">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":[40,50,460,592,149,199,591,200,590,588,454,325,448,446,585,596],"tags":[],"class_list":["post-27281","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-currency-markets","category-economy","category-england-uk","category-euro","category-europe","category-european-central-bank","category-g20","category-greece","category-ireland","category-italy","category-spain","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\/27281","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=27281"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27281\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}