Media inaccurate in portrayal of CEE's plight

Miroslav Singer, a vice governor at the Czech National Bank, tells CentralBankNews.com why the media's recent treatment of the problems in central and eastern Europe bears scant resemblance to the reality in some countries in the region.

The myriad articles on the problems in central and eastern European economies suffer two major shortcomings: an insufficient acknowledgment of the wide differences between these economies and a misinterpretation of the Bank for International Settlements' (BIS)

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