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Europe Global Environment & Development The New South From G8 to G20 The Development Agenda UN Reform Global Finance Doha Final The Euro-zone in Crisis Eastern Europe

Eastern Europe

Crisis and austerity in the Czech Republic
Conditions of life in the Czech Republic worsened last year, but the Government is persisting with policies like those that led Greece into its current crisis. This bleak analysis comes from the fifth annual report by the country's Social Watch coalition, which also questions the budget cuts that have been made and highlights their negative impact on families and on the national economy.
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Back to the IMF? Hungary under siege by creditors
Eastern European states are in for a new round of the crisis. The external control of the banking sector and high reliance on external credit has landed the countries of Eastern Europe in a vulnerable position. Now, credit flows from Western banks are drying up again. Hungary has been the first country in the region to ask for IMF support again.
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Nationalist neo-liberalism: Orbán's risky gamble
Hungary's centre-right government introduces a flat income tax of 16% and a very low taxation of small and medium enterprises. The government claims that this would kick-start economic growth. One would expect that the neo-liberal pundits are overjoyed that Hungary joins their camp. However, this is not the case.
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The Baltic Future of Greece
Latvia and Estonia show us what Greece may look forward to if it follows the advice it gets from the International Monetary Fund (IMF) and the European Union. As noted previously, Latvia has experienced the worst two-year economic downturn on record, losing more than 25% of GDP, a recent study shows.
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The Euro-zone in Crisis / UN Reform


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