foto: Andrejs Terentjevs/f64
Who is to blame for the financial crisis in Latvia
Who is to blame for the financial crisis in Latvia and the ensuing recession? Considering that seemingly everybody has someone/something they like to blame it is somewhat surprising to me that a more formal, deep and scientific investigation has not taken place.
Some other countries with major financial crises have done so, e.g. the Americans with the Financial Crisis Inquiry Report, Iceland did it with their report of the Special Investigation Commission, and Ireland has set up a Central Bank Commission to look into their huge banking crisis.
Why not do so here? I mean, there are several contenders in this blame game.
The first thing that is required for such a report to materialize is to set up a proper independent team of researchers/investigators and I guess that is a stumbling block too big for this to materialize.... A pity indeed.
