English: Locator map of the Baltic region – Estonia, Latvia and Lithuania and the russian Kaliningrad Oblast. Deutsch: Lagekarte des Baltikums – Estland, Lettland, Litauen und Oblast Kaliningrad. (Photo credit: Wikipedia)

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.

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