20 years after the collapse of the Soviet Union, the Nordic-Baltic region stands out as Europe’s success story. The Baltic countries, which were seen by many as potential sources of tension in the early 1990s, have become stable democracies, firmly anchored in the Western institutions. The whole region has benefitted from the opening up of borders and the free movement of people, goods and capital; and in the aftermath of the 2008-2009 economic crisis it has become the corner of Europe where prudent and timely – in some cases even radical – measures have led to energetic economic growth, unburdened by excessive government debt.
25.09.2011, Kadri Liik, Riina Kaljurand
Atlantic Council
20 years after the collapse of the Soviet Union, the Nordic-Baltic region stands out as Europe’s success story. The Baltic countries, which were seen by many as potential sources of tension in the early 1990s, have become stable democracies, firmly anchored in the Western institutions. The whole region has benefitted from the opening up of borders and the free movement of people, goods and capital; and in the aftermath of the 2008-2009 economic crisis it has become the corner of Europe where prudent and timely – in some cases even radical – measures have led to energetic economic growth, unburdened by excessive government debt.
http://www.acus.org/files/publication_pdfs/403/090711_ACUS_NordicBaltic.PDF
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