Thursday, July 19, 2012

Estonia as a financial model???

My mother's family hails from the tiny Baltic nation of Estonia (no, that's not near Romania or any of the -stans -- head north and look just under Finland).  Thus, I take special note of any mention of Estonia in the news.  Bloomberg has just published Brenden  Greeley's article titled Krugmenistan vs. Estonia, and he discusses the financial model of austerity used to get Estonia's economy moving.  Read the story here:  http://www.businessweek.com/articles/2012-07-19/krugmenistan-vs-dot-estonia#p1

Let me also point out that Toomas Ilves, the Estonian president, grew up in Fort Lee, NJ, the exact town where my husband and his sister grew up!  What a coincidence! 

No comments:

Post a Comment