The government invested in ‘Parex banka’ and it will be difficult to make amends for its losses. On the other hand, the sooner the bank ends up in private hands, the better. It is difficult to say something about ‘Citadele,’ since such an awful economic situation could no...

Estonia had hoped to secure around 32 million euros for the project. In its final reply to the funding application, the Commission now said that Estonia should radically change the whole museum project and submit a new application for the next funding round in 2014. The Commission’s spo...

The fact is that it has overshadowed many other comparably more relevant topics (such as the collapse of the major Latvian bank, Latvijas Krajbanka), which would have benefited more from the attention of the members of parliament. How is this possible? This is largely due to the political cultu...

Whether that’s true or not does not really matter – the country came together to protest the EU’s Anti-Counterfeiting Trade Agreement (ACTA) as well as their government, which seems to have decided that the best course of action is to mock its own electorate. Why now? Why this ...

This is easily explained by the fact that Brazilian economists still have to read Adam Smith, David Ricardo, Stuart Mill, Jevons, Marshall, Keynes, and Kalecki, among others, as part of their intellectual formation. The idea is simple: knowing the great masters makes you to construct more robust...