After years of unsustainable growth and profligate spending, in 2009 Latvia experienced the deepest economic crisis in the European Union, with a GDP fall of 18%. Prime Minister Valdis Dombrovskis came to power facing the daunting task of averting bankruptcy. Severe austerity measures, combined with an international loan package, have yielded results – in 2010 Latvia's recession ended and economic growth is expected to resume in 2011. In this lecture, the Prime Minister will outline the tough choices he had to make in order for Latvia to recover and grow.

Valdis Dombrovskis is Prime Minister of Latvia. He studied physics and economics in Latvia, Germany and the US before entering political life. As a founding member of the 'New Era' party, Valdis Dombrovskis has been Latvia's Minister of Finance 2002-2004, member of the European Parliament 2004-2009, and Prime Minister since March 2009.

Slides

A copy of Valdis Dombrovski's power point presentation is available to download. Download Latvia Turns the Corner (pdf)

Podcast

A podcast of this event is available to download from the LSE Public Lectures and Events: podcasts and videos channel.

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CPD

This event has been certified for CPD purposes by the CPD Certification Service. Self-Assessment Record forms will be made available for delegates wishing to record further learning and knowledge enhancement for Continuing Personal and Professional Development (CPD) purposes. For delegates who wish to obtain a CPD Certificate of Attendance, it is the responsibility of delegates to register their details with a LSE steward at the end of the event and as of 1 September 2014 a certificate will be sent within 28 days of the date of the event attended by the CPD Certification Service. If a delegate fails to register their details at the event, it will not prove possible to issue a certificate. (For queries relating to CPD Certificates of attendance after a request please phone 0208 840 4383 or email info@cpduk.co.uk).