Monday, June 18, 2012

Admire austerity...the Great Latvia Success Story!

From Zerohedge.

Funny, but sadly true.


Septeus7 said...

Soon be renamed the great Greek Success Story or it pays to be a pig Bankster again.

I can't for the life understand why people would vote to have there country become a German colony?

Dan Lynch said...

Latvia had a budget deficit = 3.5% of GDP last year.

Their trade deficit is currently around 3%.

Sectoral balances says net private savings must be near zero, prolly not sustainable, though it could go on for several years.

Latvia claims they will reduce their budget deficit this year.

The beatings will continue until morale improves ! ! !

y said...