What were the major socio-economic consequences of transition for Eastern European countries?

by enter_matrix

Obviously many people were led to believe that transition to a free market democracy would bring usher in immediate prosperity in the early-1990s. What were the major socio-economic concerns once countries realised that transition was not going to be such a smooth ride?

sheik_yerbouti_jr

The core of the transition took about 10-15 years, almost right up to about the moment when the majority joined the EU, which was in 2004.

This forum, however, has a rule that requires the events discussed to be at least twenty-year-old.

There us not much point discussing what happened between 1989 and 1995, because it was mostly a downward spiral. The coming out of it was much more interesting.