Eastern Europe Needs Financial Protection Too
Yulia Tymoshenko, Prime Minister of Ukraine | November 26, 2008
As EU banks have been stabilized, east European subsidiaries have been discarded because some don’t want to use taxpayer money abroad. ++ As a result, investors are fleeing the “wrong side of a financial Iron Curtain.” ++ The EU ignores eastern Europe’s significance to their own prosperity. ++ If the crises remains in eastern Europe, production across Europe will slow, causing lasting damage to the EU’s economy. ++ The region needs more than IMF support; the EU must rethink its neighborhood policy and cultivate European solidarity.
