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

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Author Info

  • Vladimir Gligorov

    ()
    (The Vienna Institute for International Economic Studies, wiiw)

  • Michael Landesmann

    ()
    (The Vienna Institute for International Economic Studies, wiiw)

Abstract

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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Bibliographic Info

Paper provided by The Vienna Institute for International Economic Studies, wiiw in its series wiiw Policy Notes with number 3.

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Length: 5 pages
Date of creation: Apr 2009
Date of revision:
Publication status: Published as wiiw Policy Note
Handle: RePEc:wii:pnotes:pn:3

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