Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Tuesday, April 20, 2010

Poland Emerges From European Economic Meltdown

The financial tsunami has knocked down one European economy after another.  Greece is one heart beat away from economic ruin, an EU cash catheter keeping it alive.  Greece is part of a new acronym of the economic down-and-outers, including Portugal, Ireland, Italy and Spain, all mired in high unemployment and low growth.   In Hungary, frustrations over the economy catapulted into power a far-right party equipped with its own Nazi-like guard.  All is not gloom and doom, however.  But the good news can't be found among the sophisticated, and seasoned economies of western Europe.  Rather it is the former East Bloc, Poland, to be exact, that has weathered the storm the best.  Remember the fears of the Polish plumber?