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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (92869)	12/29/2004 11:20:49 PM
From: LindyBill	Respond to of 793758

New Europe Gets It Right By Kudlow Money Politic$ Tax Cuts and other free market reforms are paying off in three central European economies slated to join the European Union on May 10, 2005. Stock indexes in the Czech Republic and Hungary are each up more than 50% in the past year. Poland is up 21%. The top twenty central European companies by market value are up 39%. In contrast, German and French stocks are up about 8%. The Polish economy is expected to grow 5% this year, while Old Europe growth is coming in les than 2%. Of course, EU bureaucrats want to stop New Europe from competing with lower tax rates. Sclertic Old Europe wants to harmonize at higher tax rates. New Europe understands political as well as economic freedom, and hopefully will fight Chirac and company on both counts.