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Anorak | In Latvia The Economy Is A Police Matter

In Latvia The Economy Is A Police Matter

by | 1st, December 2008

LATVIA. It’s getting to be like the UK:

Well, times are hard all over the world, but Latvia has introduced a new twist in dealing with the crisis in the financial markets; Dmitrijs Smirnovs was arrested by the Security Police for taking a pessimistic view of the Lat.

Since Latvia has a free press this promptly became front-page news, which probably did rather more damage than Mr Smirnov’s original comments, and he’s a free man. Oh, and Latvia is negotiation with the IMF for some assistance with the emphatically wonderful state of its financial markets…

Damian Green makes no comment…

– Chenier



Posted: 1st, December 2008 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink