Photo Gallery: Eastern Slowdown - DER SPIEGEL
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Photo Gallery Eastern Slowdown

The global downturn has hit Eastern Europe with particular vengeance. Countries that profited more than many others from globalization and were previously capitalism's rising stars are now seeing demand for exports collapse, along with their currencies. They are bracing for a hard landing.
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The global economic crisis has reached Eastern Europe. Countries which have enjoyed boom years are now facing huge problems as demand for their exports collapses. Here, an abandoned construction site is seen in Warsaw.

Read the article: Eastern Europe's Economic Crash 

Foto: REUTERS
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A currency exchange office in Budapest: In the last six months, the Romanian leu lost more than 16 percent of its value and the Hungarian forint close to 20 percent.

Foto: REUTERS
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Hungarian Prime Minister Ferenc Gyurcsany announced Saturday he was resigning, saying he was an "obstacle" to the reforms needed to help his country overcome the financial crisis.

Foto: AP
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In Latvia, the government of Prime Minister Ivars Godmanis was forced to step down earlier this year after protests in Riga.

Foto: AFP
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A girl walks past a shop window with posters announcing closing-down sales in Riga.

Foto: REUTERS
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Workers from the defense industry demonstrate in Warsaw in protest at a fall-off in orders and potential job cuts.

Read the article: Eastern Europe's Economic Crash 

Foto: AFP
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