Summary
[...] despite its many vicissitudes in practice, post-communist reform was at bottom a simple political project of moving from one system to another by applying tried and tested economic and political principles. [...] there is the overarching political context of the EU.
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Extract
Caught in Crisis
tHE GLOBAL ECONOMIC CRISIS HAS hit central and Eastern Europe hard. The drying-up of external credit and the decline of west European export markets have seen economies across the region contract, leading to rising unemployment, currency depreciation and ballooning deficits. The InternationalMonetary Fund has already agreed bailouts for the most vulnerable economies of Hungary, Latvia and Ukraine and t...
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