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The Change-Up

Jan 09, 2013
By Kira Savchenko

LONDON - From the world’s worst economic disaster, Latvia has become the International Monetary Fund’s favorite case study. After losing more than a fifth of its gross domestic product, the country’s long-suffering economy is booming again and is in a good shape to adopt the euro next year. Ironically, the main destination point for Baltic immigrants, the UK, is on a triple-dip recession alert and rushes towards the EU exit. While never being a passionate euro-optimist, ...

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