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Greece beats Latvia 2-0 in WC qualifierPublished Sep. 10, 2008 11:47 p.m. ET share facebookxredditlink foxsports Fanis Gekas scored two goals to lead Greece to a 2-0 away victory over Latvia in a ...

Latvian medicine will be no remedy for Greece, a much sicker patient. There is little about Latvia’s initial conditions that mirror Greece’s. Latvia’s public finances were strong when the crisis hit.

While Latvia in 2008 had debts equal to over 130% of gross domestic product (compared to 150% in Greece), the Latvian obligations were mostly short-term and could be serviced from foreign credits.

"Latvia is a very open economy, 50 to 55 percent is geared toward exports, in Greece it is only 20 percent. Our government debt is 45 percent of GDP versus 140 percent for Greece," said Swedbank ...

LATVIA 88, JAPAN 48 Dairis Bertans keyed Latvia's strong start and finished with 20 points in a game that was never close. The Latvians led 26-11 after one quarter and pushed it to 46-23 at halftime.