Daily Archives: June 5, 2012

Ralph Atkins

Spain is at the centre of the eurozone crisis so everyone heads for…Latvia. Jörg Asmussen, European Central Bank executive board member, and Christine Lagarde, the International Monetary Fund’s managing director, were among those attending a conference in Riga on Tuesday.

In fact, using Latvia’s rebound from deep recession (a near 25 per cent fall in output starting in 2008) as an example, turned out to be a good way for Mr Asmussen to send a pretty uncompromising message to crisis-hit eurozone countries.