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Economy
Is new division apparent in Europe? PDF Print E-mail
By Alazar Kebede   
Monday, 12 January 2015 05:35

Erik Berglof, Director of the Institute for Global Affairs at the London School of Economics recently argued that twenty-five years after the fall of the Berlin Wall, new divisions are becoming apparent on the European continent. According to him, this is likely to impose significant costs. In  doing so, it threatens to reverse the so-called peace dividend which Europeans have come to take for granted over the past quarter century.
Lower defense expenditures, paired with the normalization of trade and investment flows, have helped many countries in emerging Europe not only get through very difficult recessions in the early 1990s, but also helped them weather the spillovers from the Russian financial crisis in 1998. Add a comment

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