IMF Expected to Help Floundering Countries

Eastern and Central Europe are difficult places to be these days, in light of the global financial crisis. Many countries are attempting to hold their collective heads above water, with some resorting to seeking rescue packages from the International Monetary Fund. Read more

Hungary’s Currency Crumbles

Hungary is just one of the Eastern European countries that are in the midst of a serious financial crisis. Poland has had to watch while its stocks have plummeted; real estate in Estonia is down by 40 percent; the financial freeze has halted any plans for the Czech government to privatize its national airline and to switch over to the Euro. Read more