I think “smart austerity” is a much more accurate description of our policy.
Euro Crisis
Wall Street Journal: ‘Smart Austerity’ and the Latvian turnaround
Latvia's Minister of Economics, Daniels Pavluts (right), argues that Latvia's economic revival after the crisis is thanks to the government's \"smart austerity\" policy.
The recent trend-defying economic growth in Latvia is good news for our country. It is not good news for those who decry the Latvian government's policies of radical fiscal consolidation and sweeping structural reforms as too focused on "austerity" and not focused enough on "growth."
