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	<title>Stock Blog Hub &#187; Central Europe &amp; Russia Fund I</title>
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		<title>(CEE) Roubini Global Economics: Eastern European Tinderbox – How Explosive Could It Get?</title>
		<link>http://www.stockbloghub.com/2009/02/25/cee-roubini-global-economics-eastern-european-tinderbox-%e2%80%93-how-explosive-could-it-get/3662</link>
		<comments>http://www.stockbloghub.com/2009/02/25/cee-roubini-global-economics-eastern-european-tinderbox-%e2%80%93-how-explosive-could-it-get/3662#comments</comments>
		<pubDate>Wed, 25 Feb 2009 23:43:17 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Closed-End Fund - Foreign]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[CEE]]></category>
		<category><![CDATA[Central Europe & Russia Fund I]]></category>

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		<description><![CDATA[By RGE Monitor The Central and Eastern Europe (CEE) region is the sick man of emerging markets. While the global crisis means few, if any, bright spots worldwide, the situation in the CEE area is particularly bleak. After almost a decade of outpacing worldwide growth, the region looks set to contract in 2009, with almost every country either in or on the verge of recession. The once high-flying Baltics (Estonia, Latvia, Lithuania) look headed for double-digit contractions, while countries relatively less affected by the crisis (i.e. Czech Republic, Slovakia and Slovenia) will have a hard time posting even positive growth. Meanwhile, Hungary and Latvia’s economies already deteriorated to the point where IMF help was needed late last year. The CEE’s ill health is primarily driven by two factors &#8211; collapsing ]]></description>
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