The European Bank for Reconstruction and Development is seeking an extra €10 billion from its member governments in order to increase lending to central and eastern Europe.
The bank - founded in 1990 to assist the formerly Communist countries move towards a market economy - is seeking the 50 percent funding increase to compensate for the sharp decline in private capital flowing to the region.
In a letter to shareholder governments, EBRD president Thomas Mirow says the region's ec...
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