G20 and Emerging Europe: Is There Anything Left for the EU to Do?
- Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2009.
- 5 S., 30cm.
- wiiw Policy Notes and Reports 3 .
- wiiw Policy Notes and Reports 3 .
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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