| The Vienna Institute for International Economic Studies - WIIW |
EU eastern enlargement from the perspective of Greece
Greece has very important reasons to support the eastern enlargement
of the European Union. At the same time Greece is one of the current EU
member states which may suffer economic losses from this enlargement. However,
once the eastern enlargement has been completed, Greece may find itself
with important ‘allies’ to pursue the strengthening of policies promoting
the interests of the weaker ones inside the EU.
Romania: What can we learn from macroeconomic forecasting?
Results of four major macroeconomic models shed light on future developments
in Romania under different assumptions. The models that are based on specific
national assumptions perform better than the more general market
economy models. Two of the models predict negative GDP growth rates for
the year 2000. The prospects for the years 2001-2005 depend on the pace
of restructuring and the inflow of foreign capital. In the average case,
GDP can grow by 3% annually, in the optimistic case by 4.6%.