Eastern Europe Seeks Growth Drivers as Austerity Cuts Demand

Eastern European policy makers are seeking new drivers to spur economic growth as austerity measures squeeze domestic demand, the euro area’s debt crisis slows exports and western banks withdraw funding.

European Central Bank council member Ewald Nowotny, Hungarian central bank President Andras Simor, Latvian Prime Minister Valdis Dombrovskis and Gianni Papa, head of UniCredit SpA’s eastern European business, will lead two days of discussion on the region’s economic challenges at a Euromoney conference in Vienna.