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



wiiw Policy Note/Policy Report No. 3,
5 pages

free download

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.


Countries covered: Visegrad countries, European Union, New EU Member States, SEE