Wed, 21 Jul 2010: Stability provided by Swedish banks…



Rimsevics admits though that Latvia will lose time and foreign investment, because investors will prefer to invest their money in a country that has proven it is able to keep things in order and has the euro as the national currency. In Rimsevics’ opinion, Estonia’s success has been thanks to the Estonian government’s prudent budget policy. “We can learn from our neighbor’s example, and I believe that Latvia can do the same,” he said. He agrees with Estonian President Toomas Hendrik Ilves that the euro will not solve all of Estonia’s problems. “Indeed, the euro will not guarantee economic growth, but it will create better conditions for economic development. The euro is not an alternativ... Read the rest of this entry »

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