Latvia is now the 18th country to join the Eurozone. With an annual GDP growth rate of 4.6%, and a per capita income at 69% of world average, Latvia has come a long way since breaking away from the former Soviet Union. Its budget deficit is 1.2% of GDP and national debt is only 40.7% of GDP. Like other former Communist states it is outperforming the older economies of Western Europe; and collectively they are becoming the power house for European economic recovery. It is time to stop denigrating these nations and their people who had to fight both Fascism and then Communism, and instead build trade links for UK exports.
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