With the labor force soon starting to shrink dramatically because of the lagged effect of the collapse of birth rates in the early 1990s, Stefan Karlsson believes that most, if not all, Eastern European countries will grow old before they grow rich.
In response to recent comments by US economist Paul Krugman, Karlsson clarifies and explains the concept of labor mobility, along with its potential for lowering unemployment rates across the eurozone region.
Responding to criticisms of one of the European Union's newest and poorest members, Karlsson argues that even adjusting for fortuitous circumstances along its borders, Estonia's performance the last two years makes it an austerity success story.
Russia should be on the agenda for NATO summit in Chicago this weekend. In spite of recent tensions, the historically fractured relationship between Russia and NATO is the most ripe for transformation. Obstacles like missile defense and Eastern Europe can be resolved.
Ukraine was slated to host a summit this week, but with a dozen European leaders boycotting in protest of Kiev's treatment of Yulia Tymoshenko, Ukraine opted to cancel it instead.