Latest update: 07/12/2011
Latvian austerity: a model for Greece?
As Greece struggles to push through unpopular budget cuts, Latvia is proving that tough austerity measures are possible. The country was bailed out by the IMF, saw its government fall, and embarked on one of the toughest austerity programmes ever seen. Now its growth is back up at 5%. Could Latvia serve as a model for Greece in the future?