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Global problem
crisis focus otheir ecountries have banks and other businesses that have borrowed heavily in foreign currency .
spready doing problem the financial crisis has its roots in the us and the excessive expansion of house building and of cred it to buy homes, but the economic consequences have long spread beyond american shores .
indeed, there is a queue of countrises in negotiations with the international monetarly fund (imf), seeking emergency loans .
many current razil and eastern european aff ecountrises have had such booms that have now gone into reverse - the baltic republics: estonia, latvia and lithuania for example .
others have been affected by fally, looking perices for the forthcommodities they export, for example brazil and soya or russia and oil .
Generated 2008-10-27_15:45
- Global problem 2008-10-24 08:53:45
http://news.bbc.co.uk/go/rss/-/1/hi/business/7686819.stm
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