Lessons Not Learned

Eric, a member of the European Bank for Reconstruction and Development, discusses his report on recovery and reform. He highlights the challenges faced by Eastern Europe due to the global crisis, noting that the region was severely impacted and is recovering slowly. Romania remains in recession, and there is concern that necessary reforms are not being implemented. The report emphasizes the importance of addressing vulnerabilities exposed by the crisis and ensuring sustainable growth as capital flows return to the region.

What is the main purpose of Eric's visit to the United States?

• To negotiate trade deals

• To announce a new board member

• To attend a conference on global warming

• To discuss his report on recovery and reform

Which region was most severely impacted by the global crisis according to Eric?

• Asia

• Western Europe

• Emerging Europe

• North America

What is the current economic status of most countries in Emerging Europe?

• Still in recession

• Experiencing recovery

• Facing a new crisis

• Unchanged since the crisis

Which country in Emerging Europe is still in recession?

• Czech Republic

• Hungary

• Romania

• Poland

What is the main concern regarding the lessons learned from the crisis?

• Reforms are not being undertaken

• Reforms are being implemented too quickly

• The crisis is being ignored

• There is too much focus on capital flows