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Charles McPhedran and Markus Kuokkannen

Is Latvia The New Cyprus?

The newest destination for Russian money is worrying euro zone officials ahead of its adoption of the euro next year.

7 5 月, 2013
Charles McPhedran and Markus Kuokkannen
7 5 月, 2013
作者 Charles McPhedran and Markus Kuokkannen

RIGA, Latvia — Tiny European country lures Russian cash by the suitcase before suffering banking crisis. Sound familiar? But this isn’t Cyprus, whose financial woes unleashed a European political crisis just over a month ago. An old playground for wealthy Russians, Latvia plans to join the euro zone next year, which has made it one of the

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