Word: eastern
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Dates: during 2000-2009
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...begun to occur to the financial industry and the central banks of the G7 and a number of smaller Western European countries that if some of the nations in Eastern Europe default on their debt, the world may look as it did three decades ago when several Latin American nations struggled to make payments on their sovereign obligations. (See pictures of printing money in Germany...
...mobilization to bail out Eastern Europe has begun in earnest. According to MarketWatch, "The World Bank, the European Bank for Reconstruction and Development and the European Investment Bank issued a joint pledge Friday to provide up to 24.5 billion euros ($31.2 billion) in aid to support Eastern Europe's bank sector." That is almost certainly only the beginning of the process...
...ratings agencies begin to downgrade the debt of several Eastern European nations, the concern has emerged that Ukraine, Lithuania, and Romania may have trouble with that debt obligations. The IMF says it is not worried about defaults, but it does not hold large amounts of the notes issued by these countries to fund their budgets, which have begun to post substantial deficits...
Sirens breaking the silence of the night, cars engulfed by meter-high flames. This is not a scene from the banlieues of Paris, but from the trendy Eastern Berlin district of Prenzlauer Berg, where in recent weeks an ongoing battle against gentrification has intensified. In the past two months alone, 29 cars - mostly luxury brands like Mercedes, BMW and Porsche - have been set ablaze in Berlin (police believe left-wing extremists are to blame). In a letter published online in January, a leftist radical group called BMW (Bewegung für militanten Widerstand, or Movement for Militant Resistance) admitted...
...Given Berlin's track record of leftist violence, which still erupts each year during the traditional May Day demonstrations by left-wing groups, it is unlikely that the conflict over the remaining affordable living space in Eastern Berlin will be settled anytime soon. Stefanel-Stoffel, for her part, is not planning to give up. "I'll also recommend to my friends to invest in Berlin," she says. "The prices you get here won't stay for long." And Technau and his friends aren't going to back down either: "We'll continue to speak up, until something will change." Seems...