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East European economies hinge on Western trade amid oil shocks
Eastern bloc nations depend on Western markets and credits to modernize while fighting inflation with subsidies. Poland Romania Hungary and Bulgaria balance imports from the West with Russian raw materials, seeking growth but risking instability as they try to pay debts and raise living standards.
MENTIONED IN THIS ARTICLE
Warsaw
UPI
Europe
Romania
Harvard
Poland
Bulgaria
Hungary
Russia
U. S
United States
U.S
Pan American World Airways
Grace
Bucharest
West
France
Moscow
Budapest
West Germany
Volkswagen
Middle East
Edward Gierek
Czechoslovakia
East Germany
Soviet Bloc