Nice write-up in The Economist:
As it says - the difficulties continue - no one thinks that all is good, but Latvia has made it throughout the worst.
In considering this article, it is important to realize that while Latvia continues to suffer great hardships, the global economic meltdown continues to effect every family in the U.S., etc. F. ex. the net worth of the middle 60% of American families has slipped more that 20% - down to levels of 1990. These are new Fed Reserve statistics. U.S unemployment, although nothing like Latvia’s, continues to be high and unacceptable for the U.S.
So, no rosy picture anywhere and who knows what is on the horizon.