Are we BELL or GIIPS ?

BELL : Bulgaria, Estonia, Latvia and Lithuania. GIIPS : Greece, Italy, Ireland, Portugal and Spain. Anders Aslund – economist from the Peterson Institute for International Economics, Washington D.C. – compared the performance of these formerly communist states with South Europe, plus Ireland. Over 2008-2012 period, BELLs economy followed a V curve. Meanwhile, GIIPS looked less exciting for…