Eastern Europe is growing richer

Thomas Fuster comments on a new study published by the OECD which compares the buying power of European countries: "There is an unmistakable trend in which Eastern European regions are increasingly able to outshine West European regions. According to the study, the residents of Budapest, for example, have more money at their disposal than the residents of certain areas in Thuringia, Germany. And in Hungary's richest community (Heviz) there's more disposable income than in certain parts of Marseilles. The residents of the Lithuanian capital Vilnius also have more buying power than those in certain areas of Italy. ... It's high time the oversimplified division of Europe into a rich West and a poor East was replaced by a somewhat more nuanced perspective."

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