The East Wants In
photo credit: ccwen7 Trying to identify the exact point where you’ve peaked and begun to decline is easy in hindsight but impossible while you’re living it. There is a lot of talk about the end of the recession, but the actual recovery seems to differ from region to region. Kind of like peak oil, it [...]
Latvia and European Integration
In the past I spoke of how Latvia,which had previously been a leader in economic growth, was in a bit of slump. In a followup to the situation, I was unfortunately not surprised when I learned that their situation has become worse. According to the BBC, the powers that be that determine the credit ratings [...]
Latvia’s economic boom turns sour
It seems that Latvia is having a tough time. The former Soviet country had been leading European countries in its growth the last few years, but has been badly hit by the economic fears and now has a rapidly shrinking GDP. Apparently, the government refuses to float the Latvians currency but instead pegs it to [...]
