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Trading Group's Last Goodbye Overshadowed by Gulf PERSPECTIVES ON EASTERN EUROPE

By: Bourne, Eric | The Christian Science Monitor, February 13, 1991 | Article details

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Trading Group's Last Goodbye Overshadowed by Gulf PERSPECTIVES ON EASTERN EUROPE


Bourne, Eric, The Christian Science Monitor


LIKE the recession in the West, a pending event of considerable economic significance for the former Soviet bloc has been overshadowed by news from the Gulf.

The Soviet and East European prime ministers are set to meet in Budapest later this month to write off 40 years of vain effort by the Soviet Union to match the West economically.

It will be a last good-bye to Comecon, the closed, Soviet-led trading system that collapsed when Eastern Europe seized independence a year ago.

It won't be a tearful farewell. Soviet leader Mikhail Gorbachev will be as glad as anyone to see the back of the Council for Mutual Economic Assistance, as the group is formally …

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