Eastern Europe: The Worst is Yet to Come [View article]
nice article. The "cheap foreign" loans usually in Euros or CHF are definitely very risky. Political motivation for reform is also stalled in many countries. EU entry was sold as a panacea that hasn't quite arrived. Russian control of energy prices is also a serious cause for concern more in Eastern and Central Europe. Ukraine and Georgia will be interesting areas to watch geo-politically as Russia asserts itself with unfortunately greater regularity.
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nice article. The "cheap foreign" loans usually in Euros or CHF are definitely very risky. Political motivation for reform is also stalled in many countries. EU entry was sold as a panacea that hasn't quite arrived. Russian control of energy prices is also a serious cause for concern more in Eastern and Central Europe. Ukraine and Georgia will be interesting areas to watch geo-politically as Russia asserts itself with unfortunately greater regularity.
Jul 01 12:01 pm
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All Comments by Nick Gogerty »Eastern Europe: The Worst is Yet to Come [View article]