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.

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