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Paul Krugman’s Baltic Problem

in Debate

Why is the Nobel Prize-winning economist mocking the countries that have escaped the eurocrisis? BY ANDERS ├ůSLUND | SEPTEMBER 13, 2012 Amid the carnage of the European financial crisis, the Baltic countries, by and large, are doing quite well. Estonia, Latvia, and Lithuania are booming. Last year, their growth rates reached 7.6 percent, 5.5 percent, and 5.9 percent, respectively. The…