Analytics, Crisis, EU – Baltic States, Financial Services, Latvia

The first scenario envisages that Greece will stay in the euro-zone, implement austerity measures and return to growth in four or five years. According to the second scenario, Greece will be slowly escorted out of the euro-zone and aided to be able to manage its chaos while returning to its currency, writes LETA/Nozare.lv.

Nevertheless, Rimsevics admits that it is necessary to wait for the upcoming parliamentary elections in Greece and their results to see the country's new government.

Rimsevics explains that he does no envy those governments that have run out of money while their residents stage protests and go on strikes.

Commenting the impact of Greek issues on the euro-zone, Rimsevics emphasizes that is primitive and rude to talk about the euro-zone's collapse and adds that he has not seen a more serious institution than the European Central Bank and the European Monetary Union. Germany, the Netherlands and other countries will do everything in their power to protect the European Monetary Union, said Rimsevics.