Erik Berglöf - Crisis in Eastern Europe: The People's Perspective (1/4)

Eric Bergloff discusses a report on the impact of the global financial crisis on Eastern Europe, comparing it with data from 2006. The study highlights the severe economic and social effects due to inadequate social protection systems, with significant GDP losses and changes in societal attitudes.

In what ways did the lack of social protection systems impact people's lives during the crisis?

What were some of the basic needs that were affected by the crisis according to the text?