Latvians name fiscal prudence as main lesson from economic crisis - poll

  • 2016-06-11
One of the main lessons people in Latvia learned during the economic crisis was to handle their finances with prudence and not live beyond their means, shows a survey conducted by the authors of the book “Economic Crisis in Latvia: The Aftertaste of a Success Story.” The survey about lessons learnt from the crisis years shows that 70 per cent of Latvians have learnt to handle their money more carefully and not to spend more than they have, 60 per cent said they had learnt to rely on themselves and not expect help from others, and 46 per cent said that the cris...
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