5 ms·
"Latvia becomes 18th state to throw away control of their economy."
by elnate 13y ago
"Latvia becomes 18th state to throw away control of their economy."
- rjtavares 13y ago17th
- _delirium 13y agoAre you excluding Germany, on the basis that they're de-facto still in control of their local currency's monetary policy? :P
- bernardom 13y agono, he's excluding the UK, which kept the pound.
- _delirium 13y agoThat's not one of the 18 countries in the Eurozone, though. The Eurozone consists of: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The UK is one of the 10 countries in the EU but not in the Eurozone: Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Lithuania, Poland, Romania, Sweden, and the UK.
- rjtavares 13y agoIndeed :) More of a provocation, since I don't really agree with the idea. It does seems like it sometimes, though...
- antr 13y agoeconomy != control over monetary policy ; but sensationalist media has done a great job at making citizens believe otherwise
- fiatmoney 13y agoNot only monetary policy, but to a large extent their banking system, and their fiscal policy as well.
- pilsetnieks 13y agoKnowing Latvian politicians and bankers, that can only be a good thing.
- guard-of-terra 13y agoSome would say they threw their economy away in mid-nineties. Then again, they seem to fare better than some countries who didn't (Belarus and Ukraine).