PropertyEU

Credit crisis will hit 'old' Europe harder than emerging markets

By A staff reporter 2007-11-06T00:00:00

Europe's emerging markets will be hit less hard by the global credit crisis than its more mature markets, according to Struan Robertson, managing director of US investment bank Morgan Stanley. 'Countries like Ukraine, Turkey, Russia, Romania and Poland are less dependent on financial services than the UK, France or Germany. ...

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