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Latvian Economy

IMF Chief Praises Latvian "Success Story" -- A Scary Speech for the Eurozone

Mark Weisbrot | Posted 08.13.2012 | World
Mark Weisbrot

It is amazing to hear Lagarde, who almost certainly knows better, calling Latvia a "success." It is like calling the Great Depression a success -- after all, the U.S. economy did eventually recover from the Great Depression.