For the past five years, Poland's economy has been something of an anomaly in Europe, maintaining a healthy level of growth despite the widespread economic malaise surrounding it. But with many of the country's banks facing steep losses from foreign exchange mortgages and construction sector loans, and with parent banks looking to drain liquidity from their Polish operations, cracks are starting to show.
Despite facing crisis conditions in 2011, the Belarusian economy has proven to be remarkably robust, boasting plenty of untapped potential, and there are hopes that its privatisation process will lessen the dominance of large state-owned companies on the country's business landscape.
Austria's government, driven an agenda to ensure that tax-payers do not pay for the financial crisis, which has seen it implement strict measures to fast-track compliance with Basel III rules, appears to show no sign of relenting in its dealings with the country's embattled banks.
Closer economic integration of countries in the Commonwealth of Independent States has been discussed for many years without practical progress. The launch of a Single Economic Space between Russia, Kazakhstan and Belarus may be about to change that.
Although not directly affected by the squeeze facing eurozone peripheral sovereigns and banks, central and eastern Europe is affected by its economic ties with the EU and the prevalence of western European banks in its markets. Philip Alexander hears from a range of European issuers outside the eurozone, including sovereigns, agencies, banks and corporates, on how the crisis has affected them.