New Europe’s Surprising Resilience
Two years ago, five of the ten new East European EU appeared to be devastated by the global financial crisis, with social unrest, huge devaluations, and populist protests looming. Yet no disaster ensued, and today all of these countries are returning to financial health and economic growth without significant disruption.
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KIEV – Two years ago, five of the ten new East European members of the European Union – the three Baltic states, Hungary, and Romania – appeared to be devastated by the global financial crisis. Social unrest, huge devaluations, and populist protests loomed.