The EU The 'Eastern Bloc' The Commonwealth of Independent States (CIS)

Europe is a small continent, but is well-off. For most of this decade, the continent was divided into 'East' and 'West', the one side Communist, the other, 'Capitalist'. This is, of course, a generalisation, but the Cold War has effectively caused the division of Europe into two separate halves. This separation has continued even after the historic events like the fall of the Berlin Wall and Russia's return to democracy. Western Europe is mostly formed of the European Union, although not all the western half are members, neither are all yet part of its single currency system.
Eastern Europe is formed of the states that were formerly associated with the USSR (Union of Soviet Socialist Republics). Many of these countries are now experiencing severe economic problems as they face the transition from the communist system towards capitalism. The root of these problems seems to be in the unrealistic nature of the economic processes established by the Bolsheviks Communists and followed by the other states.

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