What are the borrowing strategies and practices of European members of the Council for Mutual Economic Assistance (CMEA)? The authors had extensive discussions with bankers in the leading financial centres in Europe. Some of their findings are presented in the following article.

The trade of the Western industrial states with Eastern Europe has been the object of keen political interest in the past year or two although it accounts for no more than 5–6 p.c. of the total foreign commerce of the OECD countries. The current discussion about the future of the economic...

Trade between eastern and western industrial nations amounts to barely 4 p.c. of the total foreign trade of the latter, yet the interest in this part of world trade is disproportionally great. A number of many-sided studies have been devoted to East-West trade, and their results have given...

The countdown to the realisation of the Single European Market at the end of 1992 is taking place parallel to drastic political and economic changes in Eastern Europe Both of these processes will affect relations between the EC and the CMEA countries The following article analyses the possible...

Dispute as to the need for any thoroughgoing reform of the Council for Mutual Economic Assistance flared up all over again at its 44th Congress in Prague in July 1988. The Soviet Union has now placed itself at the head of the movement for reform but the problems to be faced are considerable and...