Hypocriville

19 Nov

One often hears in German-speaking circles that EU enlargement in the East and especially in Romania and Bulgaria was good before the crisis but that it weighs down heavy after Lehman. Just a quick fact to settle the matter for a while from today’s FT:

“80 per cent of the Vienna stock exchange depends on CEE prospects. And the cost advantages of producing in countries such as Slovakia and Romania are keeping Austrian companies internationally competitive.”

Any follow-up comments?

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