RIGA - The global economic crisis and the sorry state of the Greek economy overshadowed the process that follows the ratification of the Lisbon Treaty. After Latvia’s incumbent government avoided insolvency, the media attention on Greece and other ClubMed countries has allowed Latvian policy makers unrightfully to enjoy a break from due criticism. By the sheer fact that the three states are perceived as a ‘common market,’ such lack of criticism gave relief also to the Estonian and Lithuanian goverments. Economic governance in a global market, when loosely regulated with...
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