Latvia and Estonia have had some success relative to other European economies: http://blogs.ft.com/beyond-brics/2012/12/13/estonia-path-to-growth-via-austerity

Latvia and Estonia have had some success relative to other European economies: http://blogs.ft.com/beyond-brics/2012/12/13/estonia-path-to-growth-via-austerity-defies-eurozone-doubters-and-krugman/#axzz2RjGuJzqD http://blogs.ft.com/beyond-brics/2012/12/13/estonia-path-to-... http://www.cnbc.com/id/100558455 http://www.cnbc.com/id/100558455 http://www.guardian.co.uk/world/2012/jun/08/estonia-latvia-eurozone-champions-austerity http://www.guardian.co.uk/world/2012/jun/08/estonia-latvia-e... https://danieljmitchell.wordpress.com/2012/06/07/estonia-and-austerity-another-exploding-cigar-for-paul-krugman/ https://danieljmitchell.wordpress.com/2012/06/07/estonia-and... (Of course there's debate over the particulars..)