Tag: Luxembourg

Who’s Going to Pay for Russia’s Fiscal Adventurism?

February 4, 2014

Putin and Russia seem to have a seemingly endless ability to spend money to support the country’s political aspirations. Whether it’s the mindboggling $50 billion for Putin’s pet project on the Sochi Olympics (up from Putin’s initial estimate of $12 billion, with which he personally used to lobby the IOC in Guatemala), the $2 billion […]

Latvia: the Next Cyprus?

July 29, 2013

Earlier this month, EU finance ministers gave their approval for Latvia to become the eighteenth member of the Euro in January 2014. It seems counterintuitive that the country of two million people would want to enter the perpetually distressed and recession-stricken economic zone. But for Latvia it has a variety of benefits, not the least […]