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

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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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  • Vladimir Gligorov & Michael Landesmann, 2009. "G20 and Emerging Europe: Is There Anything Left for the EU to Do?," wiiw Policy Notes 3, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:pnotes:pn:3
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