Is Austerity, Shrinking Wages, and Firing of Public Workers a Bad Thing? One Eastern-European Country’s Real-Time Experience

Is Austerity, Shrinking Wages, and Firing of Public Workers a Bad Thing? One Eastern-European Country’s Real-Time Experience

December 6, 2012 0 By News Desk
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Anyone believing those myths needs to consider Euro Countries (and the IMF) Can Learn from Latvia’s Economic Success . In 2008–09, Latvia lost 24 percent of its GDP.

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Is Austerity, Shrinking Wages, and Firing of Public Workers a Bad Thing? One Eastern-European Country’s Real-Time Experience