Milda Seputyte, Business Week
Nov. 4 (Bloomberg) -- The economies of Estonia, Latvia and Lithuania, which suffered the European Union’s deepest recession last year, must cut wages and prices to improve competitiveness, Capital Economics said.
Lithuania’s recent revision of second-quarter growth and slower expansion in the third quarter “highlights the limited extent of the recovery seen in the country so far,” the London- based Capital Economics said in an e-mailed note today. “Lithuania’s recovery is definitely L-shaped.”
Read more here:
http://www.businessweek.com/ne...
Baltic Countries Must Cut Wages, Prices, Capital Economics Says (1)
Rahvusvahelised uudised | 04 Nov 2010 | EWR
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what a crock!
England has wages almost 6 times higher than that of estonia, latvia, and lithuania!!
Lowest wage earners in Estonia are taxed 40% on income whereas United Kingdom, 30%!!!
How the hell are these guys supposed to afford to live? Foreigners currently living in Estonia here are already baffled as to how these people can afford to live at all!
http://epp.eurostat.ec.europa....
England has wages almost 6 times higher than that of estonia, latvia, and lithuania!!
Lowest wage earners in Estonia are taxed 40% on income whereas United Kingdom, 30%!!!
How the hell are these guys supposed to afford to live? Foreigners currently living in Estonia here are already baffled as to how these people can afford to live at all!
http://epp.eurostat.ec.europa....
Rahvusvahelised uudised
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