What surprised me was this evaluation of Kalvitis' government policies on inflation and economic overheating, by David Orchard of Moody's rating agency:
They have done enough. For many years it was all talk and no action. Finally they are doing something.It coincides with what I think. After a massive criticism from both Latvian press and international financial organizations, Kalvitis' government is starting to get its economic policies right. In a month or two, Kalvitis will likely be gone and Latvia will have a new government. I hope the new government keeps doing the right things, as far as economy is concerned.