Who Fears QE's Demise? Not These Emerging European Economies
- Officials say central Europe can withstand ECB ending stimulus
- Region set to benefit from rating upgrades, narrower deficits
GAM's Hatheway Expects ECB to Taper Through 2018
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While the prospect of the European Central Bank’s withdrawal of monetary stimulus is bringing closer the end of an era of record-low borrowing costs in emerging Europe, it isn’t worrying countries both inside the euro area and those just on its eastern fringe.
Governments from Slovakia to Croatia can boast tighter fiscal policies, better credit ratings and more diversified debt profiles. That means they can handle any potential fallout from higher borrowing costs and lower demand once the ECB turns off the taps, officials at the annual Euromoney central and eastern European forum in Vienna said on Tuesday.