Romania goes deeper into recession
On its front page, Adevărul announces "Eastern Europe emerges from downturn, but Romania will have to wait." The daily explains that "while neighbouring countries have been careful to control the injection of new blood into their economies, the Romanian government, which made the mistake of prompting a credit explosion, is now attempting to restore its image with populist decisions that are continuing to add to the budget deficit." In the run-up to presidential elections, scheduled for 22 November, Romania's GDP fell by 9% in the third quarter, which makes it "the only country in the EU to register an intensification of the recession." Its neighbours in the region fared considerably better: in the course of the same quarter, the Czech Republic's GDP shrank by 4.7%, Hungary's was down by 6.6% and it is likely that Slovakia's fell by 5%, while Poland "has not even had a recession!" For Adevărul, the difference in performance is in part explained by the fact that "Other states in Eastern Europe have done more to feed the Western appetite for imports."
In a time of crisis with high unemployment, young Lithuanians are following in the footsteps of their emigrant ancestors. Tens of thousands have left the country in search of a better life, mainly in the British Isles and Scandinavia. The weekly Veidas reports:
Two camps, two theories, and two visions of France: 18 years after the massacre of 800,000 Tutsis, the precise role played by Paris is still the subject of heated debate, fueled by the findings of successive criminal investigations.
Agree to new austerity measures or risk being kicked out of the eurozone: that’s the alternative presented to Athens on the day the euro group is meeting. It’s a situation Greek politicians have failed to avoid, regrets To Vima.