EAST EUROPEANS OPT FOR NEEDLESS AUSTERITY TO BATTLE THE WORLD RECESSION.

The article discusses how austere policies of Eastern European countries may negatively affect their economies during the global recession. The author suggests that countries like Hungary still practice Soviet economic policies and that economic austerity through proposals to freeze salaries and dec...

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Publicado en:Contemporary Review Vol. 291; no. 1693; pp. 169 - 174
Autor principal: Land, Thomas
Formato: Artículo
Publicado: Contemporary Review Company Ltd. Summer2009
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        au: Land, Thomas
      su:
        Economic conditions in Eastern Europe, 1989-
        Economic policy
        Recessions
        Hungarian economy, 1989-
        International Monetary Fund
        Hungary
        Eastern Europe
      sug:
        subj:
          Hungary
          Eastern Europe
          Economic conditions in Eastern Europe, 1989-
          Economic policy
          Recessions
          Hungarian economy, 1989-
          International Monetary Fund
      ab: The article discusses how austere policies of Eastern European countries may negatively affect their economies during the global recession. The author suggests that countries like Hungary still practice Soviet economic policies and that economic austerity through proposals to freeze salaries and decrease social benefits will affect minorities and increase class differences. Loans to Hungary by the International Monetary Fund (IMF) and economic problems in Latvia and Lithuania are noted.
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    language: English
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