BC: The Iron Curtain

March 1st, 2009 1:13 pm

The Iron Curtain

"As Western European banks tremble at the thought of their exposure to Eastern Europe, warnings of a “new Iron Curtain”, a new economic division between East and West, were made by the EU leaders. The pleas highlighted the global nature of the economic crisis as more and more classes of toxic assets shouldered their way forward into view."