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2013-07-10 — telegraph.co.uk
The concerns of the Latvian people are entirely understandable. Neighbouring Estonia found itself having to bail out Club Med states with a per capita income two and a half times as high after it joined EMU.
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This may be a desirable political and strategic outcome, if your objective is to lock into the EU system as deeply as possible to protect against Vladimir Putin. But it is not an economic success.
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