The Press wrongly just focus on one issue at a time. Other problems become side-notes or explicitly ignored.

Any solution to the current focus problem is paraded as a global solution.

But when the long ignored problems finally burst, the Press simply say 'the problem resurfaced' as if it had gone away somehow.

Relating to Austria, their banks were all wiped out lending to Hungary (more than 80% of loans to Hungary were Austrian)

There will be no mention of these zombie Austrian banks until one goes under. (Like Dexia)

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from 2008:

http://www.economist.com/node/12564042?story_id=12564042

http://www.moneyweek.com/investments/stock-markets/the-plagu...

http://www.moneyweek.com/personal-finance/credit-default-swa...