Wed, 3 Aug 2011: Defenses boosted…
Aug 3, 2011 Baltics
After the 2008 fall of Lehman Brothers, a subsequent flight from risky assets knocked a quarter or more off the value of currencies across the region versus the euro and drove debt yields to multi...Tags: Baltics, Banks, Black Sea, Budget Deficits, Central Europe, Contagion Effect, Credit Flows, Currencies, Hungary, Lehman Brothers, Poland, Rainy Day, Recession, Risky Assets, Romania, Sectors
Wed, 6 Oct 2010: Wages, pensions highest in Estonia…
Oct 6, 2010 Baltics
Latvia and Lithuania reduced pensions so they could cope with increasing budget deficits. However, Latvian pensioners were paid the withheld amounts in spring 2010 after the Constitutional Court r...Tags: Baltic Countries, Budget Deficits, Constitution, Constitutional Court, Estonia Latvia, Euros, Lithuania, Pensioners, Pensions, Second Quarter, Wages
Wed, 12 May 2010: Baltics concerned about euro criteria…
May 12, 2010 Baltics
“The real problem is not the new member states or the countries willing to enter, because it’s quite clear you either meet the Maastricht criteria or you are not allowed in,” Dom...Tags: Bloomberg Television, Budget Deficits, Control Mechanisms, Dalia, Euro, Eurozone, Gdp, Lithuanian President, Maastricht Criteria, Maastricht Treaty, Member States, New Member
Thu, 6 May 2010: Structural reforms still needed…
May 6, 2010 Baltics
The International Monetary Fund predicted on April 21 that the region is set to expand 2.8 percent this year, while Hungary, Lithuania and Latvia are set to be the worst performers as their econom...Tags: Budget Deficits, Debts, Eastern European Countries, Economy, Expand 2, Governments, Hornung, Hungary, International Monetary Fund, Latvia, Lithuania, Poland, Recession, Spillover Effect
Thu, 25 Feb 2010: Another down year for Baltics…
Feb 25, 2010 Baltics
These forecasts are the most pessimistic of the past two months from the bank. The Baltic states continue to log the European Union’s biggest economic declines. The collapse of their cred...Tags: Austerity Measures, Baltic States, Boom, Budget Deficits, Collapse, Declines, Economic Woes, Economist, European Union, Export Recovery, Global Financial Crisis, Governments, Lithuanian, Public Budget, Sustainable Recovery, Uncertainty, Vilnius
Thu, 17 Dec 2009: Slide halted but rebound not yet clear…
Dec 17, 2009 Baltics
The Latvian economy is the worst performing in the European Union as consumer spending has slowed along with manufacturing activity. The country, which had the fastest-growing economy in the EU...Tags: Budget Deficits, Consumer Spending, European Commission, European Union, Fastest Growing Economy, Global Crisis, International Monetary Fund, Loan Package, Massive Budget, Precipitous Decline, Property Boom, Rebound, Signs
Thu, 26 Nov 2009: Euro adoption may not be holy grail many believe…
Nov 26, 2009 Baltics
EU rules require countries wanting to join the euro to keep their budget deficits to within three percent of GDP and government debt levels below 60 percent of GDP. Estonia’s budget gap w...Tags: Adoption, Anchor, Baltic Economies, Bbn, Budget Deficits, Budget Gap, Debt Levels, Entry Criteria, Eu Member States, Euro, Eurozone, Gap, Gdp, Government Debt, Holy Grail, Joaquin Almunia, Monetary Affairs, New Member, Rsquo
Wed, 29 Oct 2008: Bankers cautious despite good results…
Oct 29, 2008 Baltics
They also had large problems caused by rapid economic growth, high inflation and large budget deficits. If the worst case scenario happens, recovery for Latvia's economy would take some 3-4 years,...Tags: Baltic States, Baltics, Budget Deficits, Christian Clausen, Deterioration, Economic Situation, Economic Slowdown, Economy, Group President, Inflation, Loans, Losses, Negative Impression, Nordea, Rapid Economic Growth, Worst Case Scenario
Wed, 5 Dec 2007: Fitch goes negative on Lithuania…
Dec 5, 2007 Lithuania
"Policy action to bring about a gentle slowdown to a more sustainable growth rate has been limited," according to the Fitch announcement. Because of the litas' euro-pegging, "there is only lim...Tags: Budget Deficits, Budget Surpluses, Commercial Banks, Fiscal Policy, Inflationary Pressures, Litas, Lithuania, Monetary Policy, Pace, Policy Response, Scope, Signs, Slowdown, Sustainable Growth Rate, Wed 5
Wed, 8 Feb 2006: Common currency prospects continue to captivate Baltic leaders…
Feb 8, 2006 Baltics
"When you highlight the three candidates who want to launch the euro next year, it is striking that Estonia is having quite a few problems," Verheugen told The Financial Times Deutschland. "As far...Tags: Baltic Leaders, Budget Deficits, Candidate Countries, Consumer Price Index, Currency, Euro Zone, Financial Times, Inflation, Launch, Low Budget, Prospects, Waiting Period
Thu, 14 Aug 2003: Preaccession economic program ready…
Aug 14, 2003 Baltics
As part of the program, candidate countries are obliged to avoid excessive budget deficits and adhere to several key macroeconomic indicators. Estonia has written a preaccession economic program e...Tags: Andrus, Budget Deficits, Candidate Countries, Cooperation, Deputy Head, Economic Affairs, Economic Analysis Department, Economic Program, Excessive Budget, Finance Ministry, Financial Aid, Fiscal Difficulties, Income Tax, Macroeconomic Indicators, Social Welfare
Thu, 23 Jan 2003: France, Germany chided on ballooning budget deficits…
Jan 23, 2003 Baltics
But it is all the more embarrassing for Germany, which was the architect of the landmark 1997 stability pact.German Finance Minister Hans Eichel has pledged to abide by the recommendations and tri...Tags: Architect, Budget Deficits, Debt Levels, Early Warning, France Germany, Francis Mer, French Counterpart, Gdp, German Finance Minister, Hans Eichel, Landmark, News Conference, Paris, Percentage Points, Public Deficit, Recommended Books, Stability Pact
Thu, 19 Aug 1999: IMF evaluation interpreted…
Aug 19, 1999 Baltics
The IMF executive board concluded that we've done pretty well. They praised our efforts to cut budget deficit, approved of the pension reform, even though it was controversial enough to be put on ...Tags: Board Concluded That, Budget Deficit, Budget Deficits, Currency, Imf Executive Board, Pension Reform, Pleasure, Protectionism, Referendum, Shame, Tariffs