Latvia Central Bank Governor Says He Won't Quit

The transcript discusses the career of a Latvian Central Bank official, highlighting achievements like joining the eurozone and addressing current challenges that threaten the bank's credibility. It covers efforts to combat money laundering, the impact of these reforms, and the resulting allegations. The speaker addresses legal and ethical considerations, including bribery hints and specific allegations against them, while emphasizing the importance of maintaining the bank's credibility.

What was one of the career highlights mentioned by the speaker?

• Joining the World Bank

• Taking Latvia into the eurozone

• Becoming the President of Latvia

• Establishing a new bank

What was Latvia's promise regarding non-resident deposits?

• To eliminate them

• To reduce them

• To maintain them

• To increase them

What action did the speaker take to address banking issues?

• Hired local auditors

• Closed all banks

• Hired U.S. law firms for inspections

• Increased non-resident deposits

What was the impact of the banking inspections on non-resident deposits?

• They doubled

• They decreased by one-third

• They remained the same

• They increased by half

How did the speaker respond to allegations of impropriety?

• Denied them vehemently

• Admitted to them

• Ignored them

• Accepted a bribe

What did the speaker regret not doing when hinted about a bribe?

• Discussing it with the ECB

• Accepting the bribe

• Reporting the hint

• Ignoring the hint

What was the accusation against the speaker regarding Novac bank?

• Supporting the bank

• Undermining a Latvian institution

• Investing in the bank

• Ignoring the bank's issues

What did the speaker speculate about the legal challenges they faced?

• They were due to a clerical error

• They were a misunderstanding

• They were well-prepared over years

• They were random

What was the speaker's belief about the motivations behind the legal challenges?

• They were politically motivated

• They were financially motivated

• They were coincidental

• They were due to personal vendettas

What did the speaker emphasize about the coincidences surrounding their situation?

• They were irrelevant

• They were significant

• They were fabricated

• They were ignored