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  1. <text id=91TT1528>
  2. <title>
  3. July 08, 1991: Died:Comecon
  4. </title>
  5. <history>
  6. TIME--The Weekly Newsmagazine--1991               
  7. July 08, 1991  Who Are We?                           
  8. </history>
  9. <article>
  10. <source>Time Magazine</source>
  11. <hdr>
  12. MILESTONES, Page 63
  13. </hdr><body>
  14. <p>     DIED. Comecon, 42, the Soviet-led trading bloc that once
  15. coordinated communist economies around the world; of
  16. irrelevance; in a 15-minute meeting of the nine member states;
  17. in Budapest. Comecon's demise was brought about by the collapse
  18. of communism in what used to be the Soviet Union's East European
  19. satellite states. Attempts to keep the organization up to date
  20. could not keep pace with the rapid transition to free-market
  21. economies.
  22. </p>
  23.  
  24. </body></article>
  25. </text>
  26.  
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