Used to hardship, Latvia accepts austerity, and its pain eases

When a credit-fueled economic boom turned to bust in this tiny Baltic nation in 2008, Didzis Krumins, who ran a small architectural company, fired his staff one by one and then shut down the business. He watched in dismay as Latvia’s misery deepened under a harsh austerity drive that scythed wages,…

Originally posted here:
Used to hardship, Latvia accepts austerity, and its pain eases

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