{"id":92017,"date":"2009-12-21T08:40:00","date_gmt":"2009-12-21T13:40:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/austria-etf-under-pressure-as-crisis-mounts-2009-12"},"modified":"2009-12-21T08:40:00","modified_gmt":"2009-12-21T13:40:00","slug":"this-austria-etf-will-be-slammed-by-a-crisis-ewo","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/92017","title":{"rendered":"This Austria ETF Will Be Slammed By A Crisis (EWO)"},"content":{"rendered":"

Austria represents a financially-leveraged nation that could be one of the first to go if the global recovery hits a pothole and credit markets tighten up. <\/p>\n

ETFdb:<\/a> Austria recently announced the nationalization of Hypo Alpe-Adria Bank International, the country’s sixth-largest bank and the second major financial institution to be nationalized since the start of the financial crisis.<\/p>\n

…<\/p>\n

There are reports that other Austrian banks are on a “watch list,” indicating that the country’s financial industry may be on the verge of a disaster. Such a development could be devastating for the entire Austrian economy. As Austria has evolved from a primarily state-owned economy to a well-developed social market economy, the financial sector has played a major role. Vienna is one of the major financial centers of Europe, serving as a bridge to Eastern Europe and home to many of the leading corporations in business with new EU member states.<\/p>\n

Thus Austria could be tomorrow’s Greece, and its exchange traded fund, iShares MSCI Austria (EWO) hasn’t collapsed yet. In fact it’s rallied year to date, thus has a decent amount of ground it could give back should positive expectations get slammed.<\/p>\n

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