Regional markets broadly resilient so far to the EMU-periphery sovereign debt crisis; near-term contagion risks on the rise | Eurobank
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Regional markets broadly resilient so far to the EMU-periphery sovereign debt crisis; near-term contagion risks on the rise

Lingering headwinds to the global recovery theme and persisting sovereign credit concerns are likely to remain in the spotlight in the near term, putting a lid on regional asset markets. Yet, from a longer-term perspective, we remain positive on the New Europe region as the recent recession helped absorb a great deal of past macro imbalances and as macroeconomic fundamentals continue to improve.