The Government often has reasons to be angry with international economic analysts. But now they might raise a monument to Bloomberg.
The world’s most renowned business news agency analyzed the impact of converting loans in švicarcima under the title ‘Attacks on obstinate banks provoke yawning as investors return to Croatia.’ It particularly highlights the statement by Dmitry Barinov, a manager at Union Investment Privatfonds in Frankfurt, that this move, although negative for banks, is good for the economy in the long run.
It is also emphasized that Landesman Berlin Investment is increasing its portfolio of Croatian bonds. Bloomberg also conveys the stance of Timothy Ash, a credit analyst at Nomura International in London: ‘The issue of loans in švicarskim francima had to be resolved as it had dragged on too long and was pressuring markets and banks,’ Ash points out and concludes: ‘As in Hungary, the banking sector will ultimately accept the solution with grumbling. Thus, it seems that investors did not flee in panic, as domestic bankers in foreign ownership had frightened us.’
