G20 and Emerging Europe: Is There Anything Left for the EU to Do?

By: Gligorov, Vladimir.

Contributor(s): Landesmann, Michael.

Material type: materialTypeLabel

BookSeries: wiiw Policy Notes and Reports: 3Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2009Description: 5 S., 30cm.Countries covered: Visegrad countries | European Union | New EU Member States | SEEOnline resources: Click here to access online Summary: This piece argues that three specific policy issues need to be addressed urgently in Central, Eastern and Southeastern Europe in order to avoid a sustained period of recession or depression: (i) orderly exchange rate adjustment (ii) fiscal stress and (iii) financial sector vulnerability. The G-20 Declaration supports significantly the role of the IMF in the current crisis, but there is a need for an additional determined effort by the EU.

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	Paper	WIIW Library				/3 (Browse shelf(Opens below))					Available			1000010000634

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This piece argues that three specific policy issues need to be addressed urgently in Central, Eastern and Southeastern Europe in order to avoid a sustained period of recession or depression: (i) orderly exchange rate adjustment (ii) fiscal stress and (iii) financial sector vulnerability. The G-20 Declaration supports significantly the role of the IMF in the current crisis, but there is a need for an additional determined effort by the EU.

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