Don’t Look Now: Eastern Europe Catches the Virus
February 25, 2009
Poland’s currency has slumped 48 percent against the euro; Hungary’s has fallen 30 percent and the Czech Republic’s is off 21 percent.
“As It Falters, Eastern Europe Raises Risks”
“Since the fall of the Berlin Wall, the countries of Eastern Europe have emerged as critical allies of the United States in the region, embracing American-style capitalism and borrowing heavily from Western European banks to finance their rise.” Written by Nelson D. Schwartz.
from The New York Times
DB notes: The last to come into prosperity in Europe, the last to regain its footing.
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Previously on Take 2: Iceland is…What?
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