This is an excellent article by Martin Wolfe, writing in the FT. It’s a recommended read. Check it out!
Why the Baltic states are no model – FT.com.
For me the conclusion is simple, a continued European policy of short-term austerity is not sustainable. Germany must allow the Eurozone to reflate and create a boom in Germany; the alternative is the collapse of the Euro.
via Why the Baltic states are no model – FT.com.