The outlook for the world economy improved in the course of 2010 and the recovery has now gained strength in the EU as well. The Central, East and Southeast European (CESEE) countries have also recovered from the crisis; most of them recorded GDP growth rates. On average, their exports have been...

Governments around the world acted on an unprecedented scale and scope to address the global crisis of 2008. While necessary, these actions severely increased deficit and debt levels, making public sector reforms that can lead to cost savings critical. In addition, rising unemployment...