Analyst Nigel Rendell of RBC Capital Markets in London says more euros will be needed.
Global development banks have launched a 25 billion euro rescue package to prop up banks and businesses in central and Eastern Europe.
In a communique obtained by Reuters, the coordinated plan calls for the World Bank, the European Bank for Reconstruction and Development and the European Investment Bank to provide quick large scale funding to strengthen banks and give insurance firms access to credit.
Details on the banks and countries involved were not immediately available.
The massive expansion of international banks into the former Communist countries of central and Eastern Europe has made the region vulnerable to the credit strains that arose in the U.S.
NOTE: Natural sound; no reporter narration.
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Analyst Nigel Rendell of RBC Capital Markets in London
