There is a very real possibility that the U.S. government’s decision to identify Ukraine as a Priority Foreign Country (essentially a serial IP abuser) violates international law.
Estonia has become increasingly influential in European circles for its tight fiscal management and an economy that has shown surprising resilience in the face of the ongoing slow meltdown of Europe.
Georgian wines survived by luring the Soviets into loving them, and that in turn allowed ancient traditions to survive an empire determined to eradicate everything precious and old.
Georgia’s ancient wine industry has transformed from a low quality, single market provider to a diverse, sophisticated, increasingly international supplier of respected vintages — all because of a 2006 Russian embargo.
Estonia boasts the lowest government debt in the entire European Union. In case anyone from Germany is reading this and scowling, it is worth adding that Estonia’s numbers were also the lowest by percentage of GDP.
Riga has garnered widespread support within Europe, which is desperate to shore up the besieged currency. However, Riga’s entry looks like rats running onto a sinking ship to many Latvians.
Latvia’s likely success in joining the eurozone flies in the face of almost every possible indicator — and it again comes back to Berlin, who wants a symbol of austerity’s success to use against Southern Europe.
In light of our recent coverage of Moldova’s political chaos, we believe it would be helpful to show how far Moldova has come in a mere nine years … and how far it could fall again.
Rather than reacting out of fear, attempting to reduce natural economic links, the wealthier EU states should encourage poorer nations to the east to more fully participate in the economic mainstream.
Not everyone is certain that this is a wise decision. Nevertheless, Latvia has followed policies which make its economic success likely irrespective of the fate of the Euro.