Skip to: Content
Skip to: Site Navigation
Skip to: Search


Global News Blog

Latvia: new currency, new leader – but no problem

Latvia’s gotten credit for its generally sober and steady handling of overlapping political and economic transitions, but is everybody sold on all the changes?

By Staff writer / January 7, 2014

Long-time civil servant Laimdota Straujuma, who was nominated as Latvia's prime minister, smiles as she speaks to the media during a news conference in Riga, Latvia, January 6, 2014.

Ints Kalnins/Reuters

Enlarge

Latvia has bolstered its image as a stable polity with the nomination this weekend of Laimdota Straujuma to be the country’s next prime minister. An economist who currently heads the agriculture ministry, Ms. Straujuma belonged to no party until joining the ruling Unity party over the weekend. She has since sounded notes of consistency of economic policy so as not to spook investors as it prepares for fall elections and begins a new chapter as the newest eurozone member.

Skip to next paragraph

Managing Editor, Monitor Frontier Markets

Ben Arnoldy is managing editor for Monitor Frontier Markets. He has served as the Monitor's bureau chief in India and Northern California. 

Recent posts

“This is merely a caretaker government until the elections in October,” says our Baltics correspondent in Tallinn. “[S]he has stated explicitly the intention to continue the austerity program of her predecessor.”

Her nomination by the Unity party follows the resignation in November of the previous prime minister, who stepped down to take responsibility for a roof collapse at a supermarket that left more than 50 dead. The sudden change at the top didn’t faze analysts as the preparations for the Jan. 1 accession to the eurozone were already in place.... For the rest of the story, continue reading at our new business publication Monitor Frontier Markets.

Permissions

  • Weekly review of global news and ideas
  • Balanced, insightful and trustworthy
  • Subscribe in print or digital

Special Offer

 

Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Danny Bent poses at the starting line of the Boston Marathon in Hopkinton, Mass.

After the Boston Marathon bombings, Danny Bent took on a cross-country challenge

The athlete-adventurer co-founded a relay run called One Run for Boston that started in Los Angeles and ended at the marathon finish line to raise funds for victims.

 
 
Become a fan! Follow us! Google+ YouTube See our feeds!