doorapan

Fitch Downgrades Reaffirm the Case to Exit Eastern Europe

You write : "The fact is that none of the economies of Eastern Europe (GUR, IEER.LSE) have succeeded in completing the socialism-to-free market transition. On the contrary, virtually all former Soviet Republics are well on their way to become basket cases when compared to their counterparts in Western Europe, with the possible exception of the Czech Republic and Poland" --- do you imply ?? that the Czech Republic, Poland, Hungary, etc were Soviet Republics? And that sweeping statement that none succeeded to free market economy? On what criteria? Either extremely sloppy -- too bad, or simple ignorance -- even worse. Neither helps to entangle a situation which is indeed problematic...