27 November 2008

No Latvian pegchange demanded by IMF, it seems,,,,

LATVIAN IMF PLAN WILL NOT CHANGE CURRENCY PEG, GODMANIS SAYS.
"Stupid is as stupid does", as Forrest Gump used to say.
Guess Ill revise my timing on this one then, unless this is a political classic in these matters, saying one thing and doing another.
Lets see. In any case, I hope the population agrees with this, and I also hope the politicians have found a solution. Really, I do. Its just that I dont quite know myself what that solution would look like with the current currency regime set up and given the global macro environment.

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