Officials from the Banking Association for Central and Eastern Europe (BACEE) voiced their desire for Eastern European countries to play a greater role in discussing solutions to the current world financial crisis during a banking conference in Vienna, Austria on Thursday.
BACEE Chief Istvan Lengyel is upset that Eastern Europe doesn’t have much representation in formulating international accounting rules and is being blamed for exacerbating the current situation which was largely caused by Western banks.
“Our banks and governments must be consulted when it comes to solving the problems,” said Lengyel during a news conference.