Wed, 9 Nov 2011: Greek debt thunder worries Lithuania…



While in the wake of the Greek debt crisis, many European financial institutions warn of a 2008-like economic contraction, or worse, the Lithuanian top echelon remains surprisingly calm, making many wonder whether the top policy-makers are too weary from the 2008 Lithuanian credit crunch and the government policies thereon. “Lithuanian PM Andrius Kubilius does not yet ring distress bells, which he did in 2008, just because the situation still looks pretty good in the country. However, even with the situation due to the eurozone debt crisis uncertain, it is very unlikely he would take on a 2008-like austerity package now, with less than one year left till the parliamentary elections,” Aleksandr Izgorodin, Economic and Finance department analyst at Lithuania’s Industrialist Confederation, said to The Baltic Times. He... Read the rest of this entry »

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