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Published October 24, 2014

A mask is seen on the road near a barricade at the occupied area in Central of Hong Kong Thursday, Oct. 23, 2014. As thousands of protesters block city streets demanding democratic reforms, the future of Hong Kong's exclusive some would say purposefully opaque election committee may prove key to defusing a high-stakes political standoff that has dragged on for nearly a month. (AP Photo/Kin Cheung)(The Associated Press)

A plant with words cutout "To grow freedom, to speak freedom" is displayed at the occupied area in Central of Hong Kong Thursday, Oct. 23, 2014. As thousands of protesters block city streets demanding democratic reforms, the future of Hong Kong's exclusive some would say purposefully opaque election committee may prove key to defusing a high-stakes political standoff that has dragged on for nearly a month. (AP Photo/Kin Cheung)(The Associated Press)

Police officers sit next to a placard reads "Hong Kong and Taiwan share with one heart through thick and thin" at the occupied area in Central of Hong Kong Thursday, Oct. 23, 2014. As thousands of protesters block city streets demanding democratic reforms, the future of Hong Kong's exclusive some would say purposefully opaque election committee may prove key to defusing a high-stakes political standoff that has dragged on for nearly a month. (AP Photo/Kin Cheung)(The Associated Press)

A man shaped sculpture is displayed as the protesters occupy the main road in Central, Hong Kong, Thursday, Oct. 23, 2014. As thousands of protesters block city streets demanding democratic reforms, the future of Hong Kong's exclusive some would say purposefully opaque election committee may prove key to defusing a high-stakes political standoff that has dragged on for nearly a month. (AP Photo/Kin Cheung)(The Associated Press)

People walk pass a barricade in the occupied area of Central, Hong Kong, Thursday, Oct. 23, 2014. As thousands of protesters block city streets demanding democratic reforms, the future of Hong Kong's exclusive some would say purposefully opaque election committee may prove key to defusing a high-stakes political standoff that has dragged on for nearly a month. (AP Photo/Kin Cheung)(The Associated Press)

HONG KONG Pro-democracy protesters in Hong Kong plan to hold a spot referendum Sunday on whether to stay in the streets or accept government offers for more talks and clear their protest camps.

The three main groups behind the demonstrations said Thursday they would register public opinion at the main downtown protest site, where thousands remain camped out.

Hong Kong's government has offered to submit a report to the central government noting the protesters' unhappiness with a Beijing-dictated plan to have a 1,200-person committee pick candidates for the city's top leader in 2017 elections.

Protesters say the committee is weighted toward the central government's preferences and should be scrapped or at least reformed to better represent the Asian financial capital of 7.2 million people.

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Pro-democracy protesters in Hong Kong to vote on government talks offer or staying in streets

Part 3 The NWO: Communism by the back door
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Polands post-Berlin Wall generation: life 25 years after communism
The Cold War ended 25 yeas ago with the fall of the Berlin Wall. In the years since, there have been many changes across eastern Europe. Reporter went to Poland to find out more about the...

By: euronews (in English)

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By Dow Jones Business News, October 24, 2014, 03:25:00 AM EDT

A quarter century after the fall of Communism, progress toward closing the gap in incomes between eastern and western Europe has stalled, and in some cases is going in reverse, the International Monetary Fund said on Friday.

In a special report to commemorate 25 years since the Berlin Wall was breached in November 1989, the IMF said that over that period, most formerly Communist countries had undergone "a dramatic transformation," involving their " reintegration" into the global economy and "major improvements in living standards."

But it acknowledged that much of that progress had been made in the run-up to the financial crisis, when growth in large parts of the region was fueled by overseas borrowing to finance consumption and construction.

The fund estimated that between 1995 and 2008, incomes in the region as a whole were catching up toward average European Union incomes at a rate of about 1 percentage point a year, from around 35% to nearly 50%. Since the financial crisis, however, little progress has been made, in contrast to some developing economies.

The IMF warned that with economic growth in central and Eastern Europe likely to remain weak in the coming years--a trend that may be exacerbated by the conflict between Russia and Ukraine--further progress is likely to be slow.

"Measured against all advanced economies, most countries of the region have been flat or falling back," the IMF said. "Relative incomes in emerging Asia, in contrast, have continued to rise strongly, albeit from a much lower base."

Speaking in Warsaw, IMF First Deputy Managing Director David Lipton said the stalling of convergence may spark a backlash against the reforms against the progress already made in transforming centrally planned into market economies.

"The region risks a vicious circle of weak growth, disillusionment and retreat from market-oriented policies," Mr. Lipton said.

The fund isn't alone in painting a relatively bleak picture of the region's economic prospects. Late last year, the European Bank for Reconstruction and Development concluded the political and economic reforms that followed the fall of communism had stalled, and warned countries in the region may never match the income levels that are common in western Europe.

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IMF Warns Eastern European Income Convergence Has Stalled