Eastern Europe is Collapsing

Eastern European Economies are collapsing one after the other , from Hungary to Russia ....this may drag western European banking system to the mud and jeopardize the whole world's economy.... Bloomberg News Ellen Pinchuk tells more about eastern Europe where ratings downgrading, plummeting currencies, predictions of deep recession all of these are going across the region; Latvias Credit rating cut to junk on worsening external outlook

http://www.youtube.com/watch?v=YiQToNgEYjg