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Austria bankers fear wave of bad loans tied to Eastern Europe (The Christian Science Monitor via Yahoo! News)

The Viennese pride themselves on having turned back the Ottoman invasion of Europe at the city’s gates after a famous 1529 siege. But these days there’s a new threat coming from the East: billions of dollars in potentially bad loans Austrian banks gave out to their former Communist neighbors.


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Austria bankers fear wave of bad loans tied to Eastern Europe (The Christian Science Monitor via Yahoo! News)

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