This paper provides an analytical approach to the negotiation process for financial assistance in Latvia. We believe that auditing the negotiation process may help us gain a better understanding of financial assistance programmes' outcomes. More specifically, we assume that decision-makers...

We argue that the characterization of the financial turmoil in the European Monetary Union as merely a sovereign debt crisis is inaccurate insofar as the deterioration of public finances represents the culmination of a process: legal and institutional flaws laid the ground for a public debt...