Latvia is gradually heeling its economic wounds and, hopefully, has learned the lesson that a county cannot live beyond its means without endangering its future prospects. To create a stable economy, which generates more prosperity, is clearly the target for the undertaken reform agenda in this country.
In a recent book, retail banking has been described as “hotter than vindaloo”1. Considering the fact that vindaloo, the Indian-English innovative curry available in umpteen numbers of restaurants of London, is indeed very hot and spicy, it seems that retail banking is perceived to be the in-thing in today’s world of banking.