Tuesday, March 10, 2009
June Might Be A Good Time To Leave
If Prime Minister-designate Valdis Dombrovskis is right that's when Latvia will go bust unless he can re-negotiate the terms of the bailout package his predecessor agreed with the IMF. The problems wouldn't end there. "In the Baltic region there is a fear of a domino effect. If one country would go, then probably the whole region will go," he continued, making the kind of error with conditionals that would make my teenage students blush. At 37 Dombrovskis, an ex-MEP and chief economist at the Bank of Latvia, is the youngest leader in Europe. "He has a baby face," one of my classes told me. "Yes, and a baby's brain too."