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Līcīts, Egils
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2 articles of this author have been cited in the European Press Review so far.
Latvia needs small and medium-sized entreprises
The head of Latvia's central bank Ilmārs Rimšēvičs has stated that Latvia doesn't need small businesses like sauna brush traders for its economic recovery. The daily Latvijas Avīze disagrees: "In highly developed Germany the heads of state and banks talk differently: they say small businesses are the driving force behind the German economy! Their successful manoeuvres have made it possible for the Germans to emerge relatively unscathed from the crisis. While the car industry has sputtered to a standstill, the small businesses have stepped into the shoes of a breakdown service. Here in Latvia it is often said that what we need is a wonder weapon, a mystical second Nokia. ... And if we can't come up with a new Nokia there's no point even lifting a finger. But it is a well-known fact that in the beginning Nokia was nothing but a producer of rubber goods. And if, like Rimšēvičs, people want to make fun of sauna brush manufacturers then it is to be feared that we will only end up straying even further into the woods."
» full article (external link, Latvian)
More from the press review on the subject » Economic Policy, » Latvia, » Finland
Estonia is overcoming the crisis faster than Latvia
Estonia has better weathered the storm of the crisis than Latvia, writes the Latvian daily Latvijas Avīze: "We are obliged to draw the sad conclusion that in twenty years the Latvians have not managed to adequately govern their state. We've tried everything: civil committees and coalitions, national elements, relentless openness, liberal and conservative currents, but all these have done is to wreak havoc, like the two scallywags Laurel and Hardy. ... And now all of a sudden Estonia's former prime minister Mart Laar speaks up: Estonia has balanced its economy and lived more thriftily, it has built up a stable banking system that has remained protected from Russian money, and corruption is not as widespread in Estonia as it is here. In Latvia corruption came from the banks with their dirty money, and from there it took contol over the economy and then politics. By contrast Estonia placed more value on the stability of its currency than on dubious investments from some island or another."
» full article (external link, Latvian)
More from the press review on the subject » International Relations, » Fiscal Policy, » Economic Policy, » Financial Markets, » Tax Policy, » Banks, » Latvia, » Estonia
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