What are economic problems of Europe?
First, the financial crisis hit the U.S. Second, the fallout made its way to Europe. Now, the credit crisis has its sights set on Central and Eastern Europe — to date, the fastest growing region of the Old World. The key problem is credit. Over the last ten years, foreign and domestic banks have outdone themselves to offer cheap loans and mortgages to consumers.
Answered by Clinton G. -
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