23 March 2012

ESTONIA / LATVIA / LITHUANIA : Continuing Austerity Sends Young Fleeing.

http://www.bloomberg.com/news/2012-03-22/baltic-exodus-tests-austerity-champion-tag-after-cuts.html


    The 'Troika"...IMF, ECB and Eurozone...like to boast that the Baltic nations are poster children for successful adaption after severe austerity measures.
    The brutal truth is that the 3 nations are suffering from severe negative demographic trends.
     Younger educated workers are fleeing the Baltics...leaving frightening prospects for future growth...as populations age...and productivity wanes.