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EASTERN EUROPE: WRONGLY LABELLED
1/26/2010 10:57:13 PM
The label "Eastern Europe" has stretched to meaninglessness as those countries' fortunes have diverged since the collapse of communism. The nearly 30 states that once, either under their own names or as part of somewhere else, bore the label 'communist' now have more differences than similarities.
Besides, none of the ten "eastern" countries that joined the EU is in so bad a mess as Greece. Slovenia and the Czech republic have overhauled living standards in Portugal, the poorest country in the western camp. Some of the ex-communist countries now have better credit ratings than old EU members and can borrow more cheaply.

(The Economist, January 2010)
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