Unformatted text preview: This article shows the good that is happening to some countries that have joined the European Union. The east struggled for a very long time under communist rule, living in very poor conditions with extremely weak economies. Many people did not think it would be possible for all of those Eastern European nations to join the European Union successfully, because democratic and capitalist institutions literally had to be created by the IMF and the EU in a lot of those countries prior to joining the EU. However, as this article points out, it has been quite successful for a lot of those eastern countries, and the institutions that were created are doing very well and in fact are thriving....
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- Fall '10
- Financial Times Germany, machinery. German imports, strong industrial factory, extremely weak economies., Eastern Europe. Eastern