CNB’s Singer blasts media portrayal of CEE

cnb

Miroslav Singer, a vice governor at the Czech National Bank, has disputed claims all of the economies in central and eastern Europe have been battered by the global turmoil because of their dependence on foreign financing.

In a letter to the Financial Times, a newspaper, Singer claimed a recent article presented a misleading picture of how economies in the region have coped.

Stefan Wagstyl, the column's writer, argued instability was especially acute in central and eastern Europe because of its

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