bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Saturday 30.04.2016 | Name days: Liāna, Lilija, Alta

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

Vladimir Egger re-elected as Chairman of Supervisory Council of Latvian Shipping Company

On Friday, April 29, the Supervisory Council of JSC Latvian Shipping Company repeatedly elected Vladimir Egger as the Chairman of the Supervisory Council, whereas Kaspars Bunne was elected as Deputy Chairman of the Supervisory Council.

Lithuania calls Russia to discontinue its tradition to seek new enemies

On Friday, 29 April, in reaction to Russian Foreign Affairs Minister Sergei Lavrov’s announcement that Lithuania is «the most aggressive, Russophobic country», Lithuanian Foreign Minister Linas Linkevicius called his Russian counterpart to «discontinue the tradition to seek new enemies».

Lavrov: Baltic States are ungrateful for Moscow’s permission leave USSR

Russian Foreign Affairs Minister Sergei Lavrov has recently said that Baltic States have not expressed any kind of gratitude to Moscow for letting them «go in peace» after the collapse of the Soviet Union.

Surplus of municipal consolidated budgets grows rapidly

In Q1 2016, there was a surplus of EUR 110.7 million noticed in the municipal budget, which, compared with Q1 2015, means an increase of EUR 45.1 million, according to the State Treasury.

Latvia’s retail trade increases 0.3%

Compared to March 2015, total retail trade turnover rose by 0.3 % in March 2016. Retail trade in food products grew by 1.0 %, whereas retail trade in non-food products – by 0.2 %.

Latvia’s Gross Domestic Product declined slightly in 2016

Latvia’s Gross Domestic Product value dropped by 0.1 % in Q1 2016 compared to Q4 2015, as emphasized by seasonally adjusted data.

Bookmakers expect Piebalgs to become the next leader of Unity

According to Triobet bookmakers, former European Commissioner Andris Piebalgs will become the next leader of Unity. Piebalgs’ victory at the 4 June Unity extraordinary congress is predicted with 75% probability.

Companies seek funding for Estonian-Finnish gas grid interconnection

Estonian gas grid operator Elering has on April 28 announced that it in cooperation with Finnish firm Baltic Connector has applied for EU co-funding for building a Estonian-Finnish gas grid interconnection.

Poland’s legal row deepens with courts and Warsaw defying government

A number of Polish courts and local governments are opposing the country’s central government in the position of the latter over Constitutional Court reform.

Keris: UGF’s managed government does not want to invest in healthcare

Because of inappropriate and unacceptable healthcare, the country loses approximately 1,500 people of working age every year. This is why on 1 April trade unions will request an increase for funding to healthcare, said Valdis Keris, head of Latvian Health and Social Care Workers Union, in an interview to Latvijas Radio.

Piebalgs predicts intense competition for the reins over Unity

Former European Commissioner Andris Piebalgs does not believe Solvita Aboltina, the current head of Unity, should leave the party.

UN Secretary General criticises European migrant-restrictive policies

UN Secretary General Ban Ki-moon on April 28 condemned restrictive policies on migrants in European Union member states. Ban addressed the Austrian Parliament a day after it passed a strict new asylum law that sets forth limiting asylum rights and allows rejecting most claimants.

Germany ready to station a battalion in Lithuania

Germany is ready to send a battalion-sized unit to Lithuania, as announced by Lithuanian Defense Minister Juozas Olekas on Thursday. According to him, he has received a confirmation from his German counterpart Ursula von der Leyen.

Germany discusses criminalising groping in more cases

Germany’s federal parliament has commenced discussing draft laws aimed at increase protection of women against cases of sexual violence.

Latvia provides asylum to the first refugees from Greece

Office of Citizenship and Migration Affairs has decided to provide alternative status to the first two families of refugees transported from Greece. The two families had arrived in Latvia in February as part of the EU refugee resettlement programme, as confirmed by the office.

Long time party poll leader SDP suffers dip in support

With many already convinced that the ruling Social Democrat Party (SDP) is proof to any scathe amid a string of scandals, the fallout has come belatedly – a new survey by Vilmorus, a Lithuanian pollster, registered a five-percent tumble in the support for the SDP since last month.

Shareholders of Latvian Shipping Company do not support new release of shares

On Tuesday, April 26, regular shareholders’ meeting of joint stock company “Latvian Shipping Company” was held where shareholders passed a resolution to maintain existing share capital at EUR 60,000,000 level and not issue new shares.

Wealthy Latvians actively exceed the pre-crisis level

The level of welfare of 55% of wealthy clients in Latvia is viewed as stable. 31% of wealthy clients have even managed to increase their level of welfare in the past twelve months. This is shown by information of Swedbank Private Banking regarding the volume of funds entrusted by clients – it had grown 9% in 2015.

Jobs to be subsidised in Estonian border region

Estonian government has on April 28 adopted a programme to subsidise wages to employers, who would hire at least 20 of Ida-Viru county’s jobless.

Agriculture price index in Latvia down 7.5%

In 2015, due to 15.8 % decrease in price indices of livestock products, especially decline in milk prices, price indices of agricultural output decreased by 7.5 % as compared to 2014. Price indices of crop products grew by 2.3 %.

Police find a professional marijuana farm uncovered in Iecava

At the end of March, Latvian State Police’s Riga region’s Balozi precinct’s criminal police in cooperation with Zemgale region’s criminal police force uncovered a professional marijuana farm in Iecava.

Volvo also to test self-driving passenger cars

Swedish car builder Volvo has unveiled that as part of an international self-driving car testing programme, up to a 100 semi-automatic cars will be driving in the streets of London.

IMF urges Europe to dissolve Greece’s debts

In parallel to resolving the refugee crisis, the financially desperate Greek government still has to realize a number of economic reforms in order to be provided with a new loan. Meanwhile, the International Monetary Fund asks Europe to provide Greece with major debt reliefs.

Spain’s unemployment rate reaches 21%

Spanish jobless rate has risen slightly to 21% in the first three months of 2016 reaching 21%. The news come at a time, when Spain looks set to hold its second parliamentary election in half a year.

Accidents at work most often injure people with work experience of less than three years

Last year, people with work experience of less than three years had been injured in serious and lethal accidents at work the most often. In one third of all cases, those people were part-time workers, according to the Labour Inspectorate’s data for 2015.

Newest comments