Word: poland
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Twenty years after revolution swept communism from Eastern Europe, the region is in the middle of another maelstrom. The global economic crisis has hit countries like Latvia, Hungary and Poland particularly hard. Eastern Europe's boom over the past few years was fueled in part by heavy borrowing from Western banks and easy access to foreign currency denominated loans. Now, with credit dried up, huge debt loads to pay and Eastern European currencies in free fall, the good times are truly over...
...Europe's currencies. Since last summer, the Polish zloty has lost 48% against Europe's common currency the euro, the Hungarian forint 30% and the Czech Krona 23%. That makes euro-denominated debt, which has risen dramatically anyway in the past few years, much harder to pay back. In Poland, foreign currency debt held by households has tripled in three years to 12% of the GDP last year, with some 70% of mortgages taken in foreign currencies. In Hungary, foreign currency loans make up 62% of all household debt, up from 33% three years ago. Home owners across the region...
Among those relieved that the bishop is being kicked out is Auschwitz survivor Mira Stupnik, 80, originally from Poland, who settled in Argentina with the tens of thousands of other Jews who came to this South American nation after the war. When she heard that Williamson lived in Argentina, Stupnik contacted Catholic Church authorities unsuccessfully seeking to organize a meeting with Williamson. "I wanted him to tell me to my face that the Holocaust didn't happen," says Stupnik, who lives in the quiet Buenos Aires neighborhood of Villa del Parque and still carries the number A-15538 that...
...obvious. Even as Gates asked Europe for help, he let on that he doesn't actually expect much. President Barack Obama's White House "is a new administration and there clearly will be expectations that the allies must do more," Gates said Thursday during a trip to Poland, his first abroad since being retained as Defense Secretary after the handover from President Bush to Obama. But, he added, "I think the likelihood of getting the allies to commit significant numbers of additional troops is not very great...
...year anniversary of the Round Table talks serves as cause for reflection on the events of the past two decades in Poland and the Central European region as a whole. Even with the advantage of historical hindsight, the revolution of 1989 is just as impressive—if not more so—than it was 20 years ago. Despite the numerous challenges that Poland has faced in the past two decades, it has undergone an amazing transition. Since 1989, it has joined the North Atlantic Treaty Organization, earned full membership in the European Union, and built a successful democracy...