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 are the main challenges for the Eastern European economy as discussed in Eric's report?

How has the global crisis affected the recovery of Emerging Europe?

Which country is mentioned as still being in recession?

What concerns does Eric express regarding the lessons learned from the crisis?

What is the significance of the reforms that are needed according to Eric?