The financial crisis is still raging and the worse remains to come, so says Carsten Brzeski, Senior Economist at the ING Bank headquarters. Recovery prospects are not to be expected before 2010, although glimpses of improvement can be observed here and there. For now, the crisis spares no one, including the euro zone countries. Brzeski underlines that a “wait and see” approach is the line of conduct to adopt for the months to come.
Video description - Interview of Carsten Brzeski, Senior Economist at ING Bank on:
The crisis and the euro zone countries;
The Recovery prospects;
The risks of Western parent banks withdrawal from the Balkans;
The IMF and EU bail-out packages;The specificities of the Western Balkans' situation in crisis.
+ Supporting shots in ING dealing room.
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Read Interview transcript