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Forbes: “Austere Baltic States Outgrow Their European Neighbors”
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Published: April 17, 2013; 16:00 ♦ (Vindobona)
Forbes magazine has dedicated a comprehensive article about how the Baltic countries manage to conquer the financial crisis.
Forbes: “Austere Baltic States Outgrow Their European Neighbors” / Picture: © SW Umwelttechnik
The article calls the Baltic States “the triumph of good economies”. While the rest of the Eurozone seems to have been struggling endlessly with no results other than empty promises about soon economic recovery the Baltic countries have shown real progress by implementing a number of sustainable reforms. From 2002 and 2008 spendings amounted up to almost 17 % when the crisis struck.…
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