Post by Jaga on Nov 27, 2009 21:18:08 GMT -7
Baltic economies suffered more during this crisis:
VILNIUS, LITHUANIA -- Version 2.0 of the Royal Palace of the Grand Duchy of Lithuania was supposed to conjure this tiny country's glorious past. Instead, it has turned into a modern-day white elephant that is compounding a national economic nightmare.
Few countries have suffered as much from the global financial meltdown as Lithuania, which has seen its gross domestic product shrivel by 19 percent this year. As the jobless rate soars and the government struggles to pay its bills, one of the biggest casualties has been the Royal Palace, which has changed from a source of national pride into a public embarrassment
www.washingtonpost.com/wp-dyn/content/article/2009/11/27/AR2009112703158.html?hpid=artslot
VILNIUS, LITHUANIA -- Version 2.0 of the Royal Palace of the Grand Duchy of Lithuania was supposed to conjure this tiny country's glorious past. Instead, it has turned into a modern-day white elephant that is compounding a national economic nightmare.
Few countries have suffered as much from the global financial meltdown as Lithuania, which has seen its gross domestic product shrivel by 19 percent this year. As the jobless rate soars and the government struggles to pay its bills, one of the biggest casualties has been the Royal Palace, which has changed from a source of national pride into a public embarrassment
www.washingtonpost.com/wp-dyn/content/article/2009/11/27/AR2009112703158.html?hpid=artslot