The severity of the Eurozone crisis is spreading to Eastern Europe, states Daniel Tarling-Hunter, Economist at Euromonitor, with Eastern Europe impacted in three ways. First, the area is financially tied to the Eurozone; therefore the slowdown of Western financial output is hampering growth in the east as well. Exports are also being affected, as the European Union is a massive exporting sector for Eastern Europe. Finally, consumer confidence is fading in Eastern Europe as a result of spreading fears throughout the entire continent.
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