The grit shown by Estonian politicians and the public in shrinking spending, raising taxes and cutting wages has been exemplary. Punishing Estonia, which obeyed the rules, while bailing out Greece, which has breached them flagrantly, would do little for the euro’s credibility with governments and investors alike.
Tag Archive: Latvia
Apr 30
Norman Stone book review
Imagine that you are invited to lunch at Oxford University. Sherry, wine and port flow like the Isis, with facts, anecdotes, bons mots and sparkling insights swirling past in a bewildering but entertaining array. The conversation continues on a punt, then on a brisk walk around the university parks, then over tea, which slips into (more) sherry, and afterwards a splendiferous “high table” dinner. Late at night you wobble through the darkened streets, still talking, feeling pleasantly at one with the world. It is great fun, but no substitute for actually studying history.
That is how reading Norman Stone’s book about the cold war feels.
Mar 09
Latvian SS commemoration
Has anyone else noticed how quiet the Kremlin propaganda machine has become as the March 16th anniversary approaches. I am writing on this for my online column this week but I have just come across this remarkable (to me) commentary on the normally vitriolic regnum.ru site, by Vlad Bogov, which gives a more-or-less balanced account …
Mar 04
Estonia and defence spending
Why does Estonia spend so much more on defence than Latvia and Lithuania? And is it a good idea? Cynics say that Estonia can’t be credible in defence if the other Baltic two have in effect given up. Estonia should stop bothering with even vestigial territorial defence and concentrate solely on international obligations. I think …
Feb 26
Latvia and Greece
Latvia and Greece Baltic thaw, Aegean freeze Feb 25th 2010 | RIGAFrom The Economist print edition Latvia’s economic free fall has halted, and it may now do better than Greece DOOM-MONGERS are licking their wounds. For two years bankers have said that a Latvian devaluation was inevitable. The struggle to save the lat’s peg to …
Nov 08
europe view no 157–VVF for president!
Europe.view An easterner to the front Nov 5th 2009From Economist.com Could a former president of Latvia make it as the European Union president? OPTIMISTIC Latvians are thin on the ground these days. The combination of fractious politics and a dismal economic outlook blunts the enthusiasm of even the most cheerfully patriotic soul. All the more …
Oct 29
Estonia ahead
Baltic economies The Estonian exceptionOct 29th 2009 | RIGA AND TALLINN From The Economist print edition Estonia gets a boost, but worries persist about its Baltic neighboursSMUGNESS is Estonians’ least attractive feature, at least in the eyes of their Baltic neighbours, Latvia and Lithuania. A surprise endorsement by the International Monetary Fund of Estonia’s plans …
Oct 29
NATO and Russia
War gamesOct 29th 2009 | RIGA AND TALLINN From The Economist print edition Jitters in eastern Europe over Russia’s military manoeuvres SCAREMONGERING is where defence-planning and politics overlap. Big military exercises in western Russia and Belarus, which finished earlier this month, were based on the following improbable scenario: ethnic Poles in western Belarus rise up …
Oct 15
British Waffen-SS Legion? Not likely…
Europe.view Unoccupied Britain Oct 15th 2009From Economist.com It looks simpler from across the Channel TWEAK history a bit. Imagine that in 1940 Hitler and Stalin divide Britain between them. Both occupying powers behave abominably but in different ways. After a rigged election, Scotland is declared part of the Soviet Union. Stalin imposes a one-party state …
Oct 08
Latvia (from Economist website
Ailing fast Oct 7th 2009 From Economist.com Bad news from Latvia raises fears of contagion across eastern Europe THE patient emerges from intensive care, hurls the medicine at the doctors and bites his blood donor. That may be an unfair characterisation of the recent news from crisis-stricken Latvia, but it is pretty much how outsiders …