Surprising change for developing countries
"The economies of central Europe are starting to see the light at the end of the tunnel, but Romania will not be at the front of the queue for foreign investment" reports Capital in its 13 August edition. Just like Bulgaria and the Baltic states, Romania is "paying the price for adopting crisis measures too late and for its huge imbalance of supply and demand."
The economy weekly quotes a report by the Deloitte consulting firm, who claim that European investors are ready to reinvest in emerging countries but are going to put Poland, the Czech Republic, Hungary and Slovakia first: the three first countries have boosted investor confidence, the latter has benefited from converting to the euro. It is a "surprising conclusion" since Romania, Bulgaria and the Baltic states had long since been the favourites amongst investors. That is the reason why "Romania shall not see the return of investment in the east before 2010" concludes Capital.
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:
The new Eurogroup meeting on February 9 is not enough to banish the spectre of a Greek bankruptcy. While Athens may largely be responsible for the crisis, the EU and its partners are not blameless themselves. La Stampa argues that their confused messages and the absence of any strategy have transformed a resolvable problem into an explosive chaos.
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.