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Article: Further financial integration crucial for eastern Europe, despite role in crisis.
- Article from:
- UzReport
- Article date:
- November 3, 2009
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TASHKENT, November 3 (UzReport.com): The benefits of the integration of eastern Europe's financial systems into the world economy outweigh the costs that have been highlighted during the global economic crisis, the European Bank for Reconstruction and Development (EBRD) has concluded in a new report.
The report also says that the global crisis has disrupted the pace of economic reform in eastern Europe, but there have been no significant reversals. Governments remain committed to the process of economic reform.
These findings appear in the EBRD's Transition Report 2009 which addresses the implications of the crisis both for the transition region the ...