"The Nineteenth century saw a great Springtime of Nations as the revolutions of 1848 saw new countries created the length and breadth of Europe. In our world today we are now seeing our own Spring Awakening with people and cultures that have long been dormant and subdued asserting their right to exist, their right to dream." Adam Price MP
Monday 12 May 2008
The State of Latvia
Inflation here is estimated at 15% per annum. Shopping is relatively expensive and on a par with Britain, yet the currency is stronger than the pound, 15% up on the exchange rate of last December when I visited the Baltic regions. It would not surprise me if the currency, the Lati, is heading for a devaluation, though the Prime Minister states that he intends interest rates to come down to 9% by the end of the year. Furthermore, corruption is not an unknown word in this country. We shall wait and we shall see!
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1 comment:
Whoever owns this blog, I would like to say that he has a great idea of choosing a topic.
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