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"Households and small businesses across Central and Eastern Europe are sinking under the weight of foreign-currency debts.
It's a sign of how the problems facing the region's financial system go beyond the borrowing by spendthrift governments that has been the main focus of investors. The rising number of borrowers' defaults already has hit bank profits.
Ratings agencies warn that the exposure to foreign-currency lending could hurt the creditworthiness of financial institutions in the region."
