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Is The Risk Accompanying Estonia's Eurozone Membership Really So Low? 14 Aug 2011 | 06:56 pm
"But the go-ahead Estonians are already scenting the next challenge. Should the single currency crumble, they are determined to be on the inside track for any new German-centred “super-euro”. Goodbye ...
Smoke On The East European Horizon? 11 Jul 2011 | 07:56 am
"The market is pricing these sovereigns at much wider levels than where their agency ratings would imply," said Diana Allmendinger, a director at Fitch Solutions.CDS on Italy imply a rating of BBB, fi...
BELLS In Hell That Don't Go Ting a Ling a Ling 3 Jun 2011 | 06:18 am
After the BRICS, came the PIGS. Now a new acronym is being born, that of the BELLS. These particular "ding-dongs", however, are not a set of hollow cast-metal instruments suspended from the vertex and...
And Then There Were Seventeen.... 10 Jan 2011 | 09:21 am
"If you know your Thucydides and the Melian dialogue you know that small countries rely most on everyone following the rules. That's why we follow the rules. If there are no rules, then the big will d...
Estonia's Now-You-See-Me Now-You-Don't Inflation Rate 12 Oct 2010 | 02:10 am
Just to follow up on my recent long Estonia post, a couple of new data points have caught my attention recently: the sharp rise in Estonian inflation and the ongoing goods trade deficit. In the first...
Estonia's Long Awaited Recovery May Still Be Delayed Yet Awhile 23 Aug 2010 | 08:47 am
In a recent FT Op-ed, entitled "Estonia’s recovery defies economists and academics", columnist John Dizard argued that "the “internal devaluation” policy, which means cuts in nominal costs such as wag...
The Social Impacts of the Economic Slowdown: The Latvian experience 21 Jul 2010 | 08:10 am
Guest Post by Eliana Marino The economic and financial crisis that started in 2008 seems to be on its way to being overcome by many EU member states, but the population in some of the most touched co...
Latvia: Living in the Land of Extremes 21 Jul 2010 | 08:08 am
Guest Post by Morten Hansen, Stockholm School of Economics in Riga Here in Latvia the internal devaluation continues and the debate is whether the economy is flexible enough for this experiment. I sa...
Is Estonia's Euro Membership A Done Deal? 17 Apr 2010 | 03:35 am
Well, if you read this report from Euractiv, citing unnamed EU Commission officials, it is: "If nothing extraordinary happens, the Commission will give its positive opinion for the accession of Eston...
Too Soon To Cry "Victory" On Latvia? 27 Feb 2010 | 03:19 am
"Doom-mongers" - the Economist tells us - "are licking their wounds". And why exactly are they licking their wounds? Well for two years now (apparently) they have been telling us that "the struggle to...
