Old Europe to The Rescue!
Katinka Barysch, Centre for European Reform | February 20, 2009
The liberalization paradigm, mantra of Eastern Europe in the 90s that aimed to speed up the integration process, is being questioned as the region is devastated by the economic crisis. ++ Old Europe had better help these new member states through measures such as contributions of loans and economic surveillance. ++ Mishandling the crisis would be detrimental for the whole European continent and project; "the region could emerge with its growth prospects impaired, its politicians eurosceptic and its workers packing up to move west."
Tags: | deficit |
responsibility |
integration |
liberalization |
Economic crisis |
Central Europe |
eastern europe |
EU |
finanical crisis |