IR

Wish there were more voices of reason like Mr Hansen. Too often Latvian politicians and policymakers get carried away by wishful-thinking and mediorce economic arguments just to make situation(s) seem easier. Especially now when LV is so close to becoming a success story (at least internationally) in dealing with harsh economic crisis and an economics text-book example of viability of internal devaluation way. Finding additional 50 m LVL for 2011 budget and further consolidating 2012 budget should be easy in view of all that has been achieved so far, but it does require more of strong leadership and a better understanding of "debt dynamics" by wider circles.