UBS: European bank deleveraging isn’t as bad as you think

European banks account for the great bulk of cross-border lending to emerging economies so if they’re cutting back their loans because of the eurozone crisis this spells trouble for the developing world. Right?

Wrong, actually, says Jonathan Anderson of UBS, challenging a widely-held view. Outside central and eastern Europe, EMs are less dependent on eurozone banks than is commonly believed. And even in CEE, the picture may not be totally bleak.

weiter:

http://blogs.ft.com/beyond-brics/2011/11/21/ubs-european-bank-deleveraging-isnt-as-bad-as-you-think-for-ems/#ixzz1gA3OP4R0