Nick Gogerty

Eastern Europe: The Worst is Yet to Come

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.