The following is a factsheet released from the Latvian Institute:
Latvias economic situation has become a subject of global debate, as economists weigh in from every side with opinions on what should be done next. On Friday, June 12, CNNs Quest Means Business devoted ten minutes to Latvias fiscal choices and featured an extensive interview with Prime Minister Valdis Dombrovskis. The Prime Minister once again reiterated Latvias firm position on maintaining the currency peg to the euro.
A week earlier, the Governor of the Bank of Latvia, Ilmars Rimsevics reiterated that the responsibility over the exchange rate of the lats rests solely with the independent central bank, which is implementing a fixed exchange rate strategy. <...>