The euro fell to its lowest level so far this year against the dollar – and is up 22 percent compared to its peak in July at $ 1.2544 – on concern more banks euro exposure to a very slow in the emerging economies in Eastern Europe.

While 90 percent of the loans in Central and Eastern Europe come from banks in the euro area, nearly three-quarters of bank lending to emerging economies around the world including from the region according to the latest statistics from the Bank for International Settlements.

$ 4593bn on foreign banks that provide loans to developing countries throughout the world, banks have borrowed $ 3369bn euros or 73.4 percent. That compared to 10.3 percent from the U.S. and 4.8 percent from Japan.

The exhibition in the euro zone for the banks in the emerging markets loan amounts to 18.8 percent of gross domestic product compared with 3.4 percent for the U.S. and 5 percent in Japan.

In the euro area, Austria is the most vulnerable, with lending to developing countries, especially in Eastern Europe, for 79.6 percent of GDP. The Netherlands, which varied between regions, and the next one is in line with loans 66.4 percent of GDP.

In Spain, the largest lender of the new market economies in Latin America, one third of all loans in the region.

These stem cells have begun to deal with the cost of the insurance of public debt through swaps failure means the rise across Europe.

In fact, the analysts say investors in Europe is now the largest since at the height of the financial crisis in October last year.

Not only the cost of ensuring the growth of public debt of the countries of Eastern Europe and the countries with the lowest in the periphery of the euro zone, such as Greece and Ireland, but it is now rising to the countries in the heart of the euro zone, such as France and Germany.