Despite an economic downturn, they stabilized their finances, and entered the Euro.
What they neglect to mention is that nearly ⅕ of its population has left, and their remittances, largely from the soon to be leaving Britain, are the only thing keeping their economy afloat:
Atis Sjanits has an unusual remit for an ambassador. The Latvian diplomat is not responsible for relations with another nation — but with his own country’s diaspora.Seriously, the fact that Latvia is considered a success by Brussels when it has become unlivable that 18.2% of its population have effectively become refugees positively boggles the mind.
Sjanits’ job is to respond to the exodus triggered by Latvia’s accession to the EU. Since joining the bloc, nearly a fifth of the nation has left to work in more affluent EU nations: The U.K., Ireland, Germany.
In 2000, Latvia’s population stood at 2.38 million. At the start of this year, it was 1.95 million. No other country has had a more precipitous fall in population — 18.2 percent according to U.N. statistics. Only Latvia’s similarly fast-shriveling neighbor, Lithuania, with a 17.5 percent decrease, and Georgia, with a 17.2 percent drop, come close.
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