Eastern Europe seems poised for recovery according to the IMF (International Monetary Fund). Exports are rebounding and domestic demand is showing signs of stabilizing. The Fund predicts the region will grow by 3.3% in 2010. Meanwhile, Anders Åslund, a Senior Fellow at the Washington DC think-tank, the Peterson  Institute for International Economics, who is  a former professor at the Stockholm School of Economics and the founding director of the Stockholm Institute of East European Economics, says Europeans and Americans need only look East - - to the European Union’s new eastern members - - to see that austerity can deliver growth and improve the efficiency of European economic and social systems.