bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Sunday 23.11.2014 | Name days: Zigfrīda, Zigrīda, Zigrīds

Finnish Minister: I would rather like to be Latvian than Greek

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RU

Alexander Stubb

“Latvia serves as an example of a country that has managed to get out of a highly problematic situation. Those countries that put off austerity measures do not do the rigth thing. They must be carried out now and fast, because it is the only way to regain market confidence, followed by stability and growth,” says Alexander Stubb, Finnish European Affairs and Foreign Trade Minister.

“It is, of course, nice to live in a country that is seen as a model. It is exactly how many view Latvia and Finland today. We have different past, not quite the same systems, but similar problems. I would rather like to be Latvian than Greek,” he told the newspaper Latvijas Avize.

“Last year you were the fastest growing economy in the European Union. I think you have done a good and a responsible thing. You were at the edge of an abyss, just like Finland in the early 90s. Austerity measures were the only way out. I think that in this part of Europe, be it the Baltic or Nordic countries, people understand that you cannot live beyond your means,” Stubb says.

Asked whether new shocks could hit the European Union amid the Greek crisis, the politician points out that one can never know for sure what to expect.

“I would rather say that we have gone through three alarming years and now we are experiencing three relatively quiet months. But I do not think we should relax yet. We have adopted rules governing expenses, we have built a firewall around Greece and many European countries have carried out really tough austerity measures. Latvia is a great example of this. You implemented the most stringent austerity measures but still turned out to be the fastest growing economy last year. There are indeed many good news but it is still too early to celebrate,” he says.

Ref: 102.105.105.1258


Leave a reply

  1. Nikos says:

    He is mad.Does he know how is life in that country.Better live in Greece in spite of crisis.

    Thumb up 0 Thumb down 0

  2. Against hypocrisy says:

    He’s doing politics, he knows that life is quite better in Greece but he want to support Latvian government and its policies, those that make Finland richer and Latvia poorer. We could compare the per capita income of Latvia (12,226 US$) and Greece (27,875 US$)…But of course he would have more than average income… So maybe he would understand better if we remember him Latvian life expectancy for men (67 years old) and Greek expectancy (77 y.o.), I’m pretty sure that definitely he wouldn’t want to be Latvian, hypocrite.

    Thumb up 0 Thumb down 0

  3. Maedhros says:

    The only things Greece has better than Latvia today are the weather and the landscapes.

    None of them is their merit!

    Thumb up 0 Thumb down 0

  4. Ray says:

    Now life in Latvia, especially for politics is very good. Pensioners and people, who don’t know Latvian language have big difficulties, because pensions are small and you should now elementary Latvian to find normal job. But in fact situation is much better than in 2009. And, for my opinion there is no way to compare life in such a different countries..

    Thumb up 0 Thumb down 0

Economic Diary of Latvia. Entrepreneurs to be provided with comprehensive support

The European Commission has officially approved the programme of the EU Development and Employment Fund for 2014-2020. As part of this programme, Latvia will be provided funding worth EUR 4.4 billion.

Government approves Latvia’s budget plan project for 2015

During the meeting of the Cabinet of Ministers this Saturday, November 22nd, the government approved Latvia’s budget plan project for 2015. The government will soon continue its work on the next year’s budget.

Changes to existing management boards of Latvian freeports to be performed next week

Three Latvian ministries have announced their plans to carry out replacement of existing representatives in management boards at freeports in Ventspils, Liepaja and Riga next Tuesday, November 25th.

Vilks: Europe is stuck in the 19th century

Europe is stuck in a welfare level with too high costs, and it is a neglected disease, believe former Finance Minister of Latvia Andris Vilks.

Romanian organised crime prosecutor accused of corruption

Romanian anti-corruption authority has arrested on corruption charges a prosecutor, who heads a government department investigating mafia, organized crime and terrorism.

Researcher: Russia will play the human rights card against Latvia more often

Russia will increase its use of the human rights card against Baltic States, especially Latvia, which will become the presiding country over the European Union next week, believes Eastern European Policy Research Centre’s expert Rinalds Gulbis.

Lithuania’s political and economic diary. «Lithuanian president’s assaults on Russia exceeds those of Ukrainian radicals», Russian Foreign Ministry

Lithuania’s President Dalia Grybauskaitė has been such a vociferous critic of the Russia that even the Kremlin is exhibiting her to the world as an example of the «extreme» animosity.

Venice could fine use of wheeled suitcases in touristic Italian city

The historic Italian city of Venice considers introducing a ban on wheeled suitcases, as tourist masses keep locals from having a good night sleep.

Experts: crisis in Ukraine is Russia’s previously planned hybrid war

The crisis in Ukraine is Russia’s previously planned hybrid war, in which armed clashes are accompanied by an intensive information campaign, as concluded in the report by NATO StratCom COE.

Ministries to change representatives at freeports of Ventspils and Riga

Latvian Environmental Protection and Regional Development Minister Kaspars Gerhards plans to replace the ministry’s representatives in the management boards of freeports in Ventspils and Riga.

Kaliningrad sprat producers may be forced to close down due to embargo

Kaliningrad canned fish producers may be forced to reduce sprat production volumes or even stop production altogether because of shortage of raw materials.

Lithuania maps out its entrepreneurialism

In a small county like Lithuania, the scope of entrepreneurialism varies tremendously from one region to another. The most people that do not fear business risks dwell in largest cities, but some of the otherwise agricultural and touristy regions in the hinterlands can also boast of a decent number of private business initiatives.

Snow comes unexpectedly to Latvia; drivers urged to be careful

This Friday, November 21st, Latvia was hit by unexpected snowfall. According to meteorologists, snowfall will continue throughout the entire day and night to Saturday. Thickness of the mantle of snow on the ground may reach 6-10 cm in some areas.

Another disciplinary case is launched against Strīķe

Another disciplinary case has been launched against Juta Strīķe, former deputy of Chief of Corruption Prevention and Combating Bureau Yaroslav Strelchenok, according to information from LETA.

SA: management of Latvian ports remains excessively politicized and unprofessional

Replacement of some members of Boards of freeports will not make their management more professional, effective and responsible, believes Latvian State Auditor Elita Krūmiņa. She calls for immediate changes to regulations that govern port management.

PHOTO: residents commemorate the first anniversary of Zolitude Tragedy

In commemoration of the first anniversary of Zolitude tragedy, which claimed the lives of 54 people, Latvia’s national flag will be raised on all apartment buildings, Riga City Council and its institutions with a mourning ribbon this Friday, November 21st.

UN: Close to thousand people killed in Ukraine since September 5 ceasefire

In the eight weeks that have passed since the truce agreed by Ukraine, Russia and separatists came into force, battles in Ukraine's east have claimed 957 lives.

SRS officers find 4.5 million contraband cigarettes in boiler unit

State Revenue Service’s Border Control officials found more than 4.5 million contraband cigarettes that were stashed in boiler units on board of a ferry that runs from Liapaja to Travemünde this month. The cigarettes, bearing Winston, Minsk and Fest brands with excise duty stamps from the Republic of Belarus, could have impacted the state budget by EUR 677,000.

Police may announce names of those responsible for Zolitude tragedy soon

The deformation of the building of Maxima supermarket in Zolitude began nearly two years ago. This is why State Police is currently investigating persons who could have potentially prevented the disaster.

One year passes since the tragedy in Zolitude

Friday, November 21st, marks one year since the tragedy in Zolitude. 54 people died under the collapsed roof of Maxima supermarket, including several rescuers.

Wynergy to sue Latvia and demand at least 51 million as compensation

Owner of Wynergy wind park company Indreks Kuivaliks has launched an international arbitration procedure against Latvia, asking no less than EUR 51 million as compensation.

Putin’s spokesperson discusses possibility of coup d'état in Latvia

During a discussion with BBC about the crisis in Ukraine and its impact on relations between the West and Moscow, Vladimir Putin’s Press-representative Dmitry Peskov discussed a theoretical possibility of a coup d'état in Latvia.

Lembergs family’s property value declines by 28 million

The Lembergs family remains the wealthiest in Latvia. The value of properties owned by Aivars, Anrijs and Liga has declined by EUR 28 million down to EUR 171 million in 2014.

Number of students enrolled in vocational education institutions up by 1.6% in Latvia

11.7 thousand students were enrolled in 62 vocational education institutions and 14 colleges implementing vocational education programmes in the 2014/2015 school year in Latvia. Compared to the previous academic year the number of enrolled students has increased by 1.6%. 46.5% of the students enrolled are women.

People living in Baltics are more concerned about poverty than violence

Residents of Latvia, Estonia and Lithuania are more afraid of poverty than violence. Only a little more than one-third of Baltic residents are afraid of getting mugged.

Newest comments