Finance and Law

Eastern Europe’s GDP Rises Despite the Political Corruption

<p style&equals;"text-align&colon; justify&semi;">While a few events in the European Union &lpar;EU&rpar; garner the attention of the American media – and&comma; by extension&comma; the American people&&num;8211&semi;most of the economic and political happenings of its constituent countries do not make headlines across the Atlantic&period; International investors and political aficionados excluded&comma; most residents of the United States do not connect power struggles so far away with their own lives&period; An illustrative example is the swirl of corruption charges surrounding Czech prime minister Andrej Babiš&period; The circumstances leading up to the potential scandal&comma; as well as its resolution&comma; poses consequences for the EU and&comma; therefore&comma; the entire world economy&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Nation-states of the former Warsaw Pact are notorious for their uneasy adaptation to freedom&period; This includes the Czech Republic &lpar;as reported here <a href&equals;"https&colon;&sol;&sol;echo24&period;cz&sol;a&sol;SanqD&sol;kauza-okd-papalasi-do-teplaku-a-sesuv-pravniho-statu" target&equals;"&lowbar;blank" rel&equals;"noopener">https&colon;&sol;&sol;echo24&period;cz&sol;a&sol;SanqD&sol;kauza-okd-papalasi-do-teplaku-a-sesuv-pravniho-statu<&sol;a>&rpar;&period; With a population exceeding 10 million&comma; this country is in the throes of political acrimony because of the activities and associations of Babiš&comma; a media titan and the republic&&num;8217&semi;s second wealthiest individual&period; The decades-long stretch of Communist rigidity conditioned the republic and its neighbours to a kind of learned helplessness&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Times change<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Eastern Europe has&comma; in recent years&comma; experienced strong economic growth&comma; more robust than its sister states to the west&period; Not only has the Czech Republic enjoyed this prosperity and low unemployment&comma; but Poland&comma; Hungary and especially <a href&equals;"https&colon;&sol;&sol;tradingeconomics&period;com&sol;romania&sol;gdp-growth" target&equals;"&lowbar;blank" rel&equals;"noopener">Romania<&sol;a> – with 6&period;4 GDP growth registered in 2018&period; Historically&comma; these countries were seen as junior partners in EU governance&period; New economic clout is changing that perception and changing the political dynamics&period; A case can be made that EU economic growth would be trivial were it not for the eastern and central states&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Still&comma; this expansion-fuelled confidence is not received warmly in other quarters&period; Poland&comma; for example&comma; is under threat of censure by the European Commission for that government&&num;8217&semi;s alleged interference in Polish courts and jurisprudence&period; If the charges are affirmed&comma; Poland could temporarily lose its voting rights in EU decision-making&period; Hungary is facing similar discipline for impeding academic freedom and unjustly turning away refugees&period; Meanwhile&comma; France and Germany voiced criticisms of their eastern sister governments&period; These disapproving sentiments have a tinge of irony since western EU countries find the central and eastern states welcoming &lpar;and cheaper&rpar; to their factories and other investments&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">As Europe&&num;8217&semi;s &&num;8220&semi;eastern tigers&&num;8221&semi; gain in commercial and industrial power&comma; those across the Atlantic might scratch their heads over the concern from EU authorities and the western European governments&period; Hungary is a telling illustration&period; Admitted to the EU in 2004&comma; the country now chafes under the organization&&num;8217&semi;s prerogatives&period; Questioning the EU&&num;8217&semi;s moral authority&comma; Prime Minister Viktor Orban loudly refers to the supra-national federation as a hostile empire and promotes the national interests of Hungary over and above the European Union&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Such nationalistic currents are running strong in places like Poland&comma; Hungary and the Czech Republic&period; While &&num;8220&semi;cohesion&&num;8221&semi; funds from Brussels have assisted these countries with infrastructure&comma; education and quality of life&comma; the rules set down by the EU stoke resentment among some&comma; a fact evident in the United Kingdom&&num;8217&semi;s Brexit referendum&period; Having come later into the European political family&comma; these former eastern bloc states view the EU more as a fortress against Russia than a set of political and cultural values&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Welcoming refugees&comma; fostering pluralism and promoting a secular society represent EU &lpar;and western European&rpar; priorities&period; Nationalism&comma; strict border control and religious faith are matters of more importance in the east&period; Former <a href&equals;"https&colon;&sol;&sol;en&period;wikipedia&period;org&sol;wiki&sol;Eastern&lowbar;Bloc" target&equals;"&lowbar;blank" rel&equals;"noopener">Soviet bloc<&sol;a> patrons will point to Brexit&comma; Paris riots and the fall of Angela Merkel as evidence that EU values need to change&period; At the same time&comma; those who champion the EU can point to Orban&&num;8217&semi;s authoritarianism and Babiš&&num;8217&semi; corruption as proof of the importance of the EU model&period;<&sol;p>&NewLine;

Hardik Patel

Hardik Patel is a Digital Marketing Consultant and professional Blogger. He has 16+ years experience in SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing.

Share
Published by
Hardik Patel
Tags: GDP

Recent Posts

Top Best Putlocker.ch Alternatives 2026 – Sites Like Putlocker and SolarMovie

Are you finding websites like Putlocker.ch? Here are list of best Putlocker Alternatives website for…

6 hours ago

Why Regular Tyre Inspections Are Essential for Truck Owners

For truck owners, maintaining their fleet is not just about keeping engines running smoothly or…

3 days ago

The Charm behind Italian Cuisine

Italian cuisine has long held a special place in the hearts of food lovers around…

4 days ago

15+ MailChimp Alternatives for Small Business Email Marketing in 2026

Are you finding MailChimp Alternatives for email marketing? Here are best MailChimp Alternatives for Small Business Email…

1 week ago

10 Best G-board Alternatives to Enhance Your Texting in 2026

Are you finding G-board Alternatives for texting? Here are 10 Best G-board Alternatives to Enhance…

1 week ago

www.crunchyroll.com/activate : Sign-up and Activation Process

www.crunchyroll/activate is a fantastic world of Asian dramas, comics, and anime. You have come to the correct…

1 week ago