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Home / New Economic Perspectives / Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption

Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption

Summary:
Austerity didn’t produce recovery in Latvia, it produced the semblance of recovery, says NEP’s Bill Black on The Real News. It also led to rampant criminal activity in the banking sector, such as money laundering, taking bribes, and violating sanctions against North Korea. You can view here with a transcript. [embedded content]

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Austerity didn’t produce recovery in Latvia, it produced the semblance of recovery, says NEP’s Bill Black on The Real News. It also led to rampant criminal activity in the banking sector, such as money laundering, taking bribes, and violating sanctions against North Korea. You can view here with a transcript.

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