"Seven fat years" have gone empty, says this article. Inflation is completely out of control, exceeding 12%/year by the end of the year. And, from perspective of many people, it feels like 25%/year.
Sounds like Latvian opposition speaking about Latvia? Actually, it's Mikhail Kasyanov speaking about Russia. Economic trends have been similar across many countries in Eastern Europe (no matter whether they are in EU or not, or whether they are democracies or not exactly). Baltics, Bulgaria, Romania, Russia, possibly a few more...
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