European Institute

On April 19, The European Institute, in cooperation with the Embassy of Latvia, welcomed Andris Vilks, Latvian Finance Minister, Ilmars Rimševics, Governor of the Bank of Latvia, and Jeffrey Baker, Director of the Office of Europe and Eurasia of the U.S. Treasury Department, to a roundtable breakfast discussion on Latvia’s economic recovery and its lessons.  Emphasizing key qualities in their government’s approach, Mr. Vilks and Mr. Rimševics explained how these might be applied towards wider strategies involving other European nations in crisis.  Mr. Baker singled the flexibility of its labor market as being instrumental to Latvia’s turnaround.