I don't know how many of you have been following the discussion on "devaluation vs not" in the blogosphere.
Here is the latest addition from Edward Hughes. It's quite long and, as he says himself, "not for the faint of heart". However, it's quite worth the time.
I think the evidence so far is with Edward on what I see is his major point. After less than two months into real adjustment, the ruling coalition in the Parliament is unravelling...
Also, isn't it striking that all the serious discussion about Latvia's economy is actually happening between people from the West? Or, have I missed a decent treatment on the issues from someone in Latvia?