Latvia: Searching for a new path to economic growth
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Irena Krumane, chair of the Latvian Financial and Capital Market CommissionFlooded with Scandinavian liquidity during the boom years, Latvia has suffered the most severe bust in the EU and bankers are devising a new business model while clearing up the consequences of the old one. Writer Philip Alexander
Where Russia meets the EU
Formed in 1992, Parex has seen off various crises to become Latvia’s second largest bank by selling itself as a channel into western Europe for Russian investors. Robert Anderson reports.
