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How Austerity Is Failing in Eastern Europe In One Chart

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When formerly communist countries joined the European Union in 2004 and 2007 there was a general sense of euphoria. After being artificially cut off  from Europe by the dead hand of state socialism, Bulgaria, Romania, Poland, the Czech Republic, Hungary, Slovakia, Latvia, Estonia, and (my ancestral homeland of) Lithuania had regained their rightful place in the world and taken a very large step away from their troubled history of Russian and Soviet domination. Reported by Forbes.com 4 hours ago.

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