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Robert Greifeld lauds Latvia's austerity model

Nina Kolyako, BC, Riga, 28.06.2012.Print version
Robert Greifeld, CEO of the NASDAQ OMX group of worldwide stock exchanges, on Wednesday became the latest global financial figure to applaud Latvia for its austerity-driven recovery from deep recession.

Robert Greifeld and Valdis Dombrovskis. Riga, 27.06.2012. Photo: flickr.com

"There has been remarkable progress in this economy and the work of the prime minister has been noticed in the US and the rest of Europe," he told reporters in Riga following talks with Prime Minister Valdis Dombrovskis (Unity), informs LETA/AFP.

 

"It is our fervent hope this will serve as a role model as we look at the looming set of circumstances we have to deal with on both sides of the Atlantic," said Greifeld.

 

The NASDAQ OMX owns and operates stock exchanges in Estonia, Latvia and Lithuania among its 24 markets across the globe.

 

International Monetary Fund (IMF) chief Christine Lagarde also hailed Riga's tough "bite the bullet" austerity approach as an "incredible achievement" and crisis cure at a IMF-run international forum in the Latvian capital on June 5.






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