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This article describes how, in the midst of the economic downturn, hard-hit Eastern European countries are increasing taxes on cigarette and alcohol - goods with relatively inelastic demand curves - in an attempt to raise government revenue. A problem that many of these countries face is that a large proportion of alcohol and cigarettes are produced and sold without license/illegally, making it difficult for governments to collect revenue.

The World Bank and IMF are calling for support for Middle Eastern nations, arguing that higher food and oil prices, and a jobless economic recovery, will harm nations in the region. The World Bank and IMF are saying that, in the long run, lack of involvement in the Middle East will cause a downturn in the economy - and an increase in poverty.