Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
That's incorrect. The IMF had been active for decades as a creditor to various Warsaw Pact countries.

When energy prices crashed in the 1980s, as a consequence of the development of the North Sea oil and gas deposits, they became unable to finance the imports of higher quality Western consumer goods to which the population had become accustomed during the period of high energy prices in the '70s. It went predictably downhill from there.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon May 13th, 2013 at 02:28:22 PM EST
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