5 March 2026
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Not so long ago the world was worried about deflation, supposedly driven by low-cost imports from China, but also a stagnating economy driven by high levels of private debt. Now central banks are trying their […]
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Austerity
Real News.com – Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption
February 25, 2018
Mathew D. Rose
Austerity, Corruption, Deregulation, EU politics, Finance, Financial Institutions, National Politics, Neo-Liberalism in the EU, Regulation, Regulatory Capture
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Austerity didn’t produce recovery in Latvia, it produced the semblance of recovery, says white-collar criminologist Bill Black. It also led to rampant criminal activity in the banking sector, such as money laundering, taking bribes, and […]

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