protecting their members from the negative effects of the global economic crisis. Using data for twenty one post … lose their jobs during the crisis. This beneficial effect of trade union membership was more pronounced in countries which … were hit by the crisis harder. At the same time, union members were more likely to experience a wage reduction, suggesting …

the beginning of the crisis when the investment problems in Western Europe did not extend to the CEE region for some time …. From 2009 on, however, the crisis in CEE also resulted in a very serious drop in investments, in spite of the significant … amount of uninvested capital accumulated in recent years. In addition, the crisis affected the already weakened Hungarian …