Monthly Archives: August 2011

Fitch Ratings Approve Baltic States as Crisis Counsellors

August 26, 2011
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Fitch Ratings Approve Baltic States as Crisis Counsellors

Fitch Ratings most recent report entitled ‘The Euro Zone Crisis: Lessons from the Baltic States’ states that Greece, Portugal and Ireland could gain valuable lessons to improving their current economic problems by looking to the Baltic States. Fitch Ratings detailed that during 2008-09 Estonia, Latvia and Lithuania’s GDP contracted by 18%, but due to...

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