Baltic States

Breaking isolation: the Baltic States diversifying their energy supply

The Baltic States have often been described as an “Energy island” because of their isolation from European energy networks. Until very recently, the three states were, together with Finland, 100 % dependent on gas imports from Russia as can be seen in the table below. Figure 1: Gas supplied by Russia as percentage of the […]

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Baltic State economies in the eurozone – an international crisis comparison

Nobel Prize-winning economist Paul Krugman –who on various occasions predicted the collapse of the euro– wrote a brief blog entry towards the end of 2010, in which he compared the state of the Irish economy to that of the state of Nevada in the USA. Krugman noted that the populations, size of housing bubbles, and

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