Einars Repše

Under Repše, the Bank of Latvia pursued a tight monetary policy, implementing a de facto currency board for the Lats.

Several high-ranked government officials, including the head of Latvia's state revenue service, were fired or resigned.

The coalition partners mentioned Repše's authoritarian management style and unofficially delegating many of his powers as prime minister to his chief of staff Dans Titavs as the main reason for the conflict.

During his service, however, he at times was portrayed by the press as more involved in his hobbies and business, than in governmental activities, losing popularity among the electorate.

Due to this investigation, Repše resigned from his position as the minister of defence, even though he was never officially declared a suspect under the case.

Repše's real estate deals, confrontational management style and somewhat flamboyant lifestyle led to a major decline in his popularity.

Repše was Minister of Finance of Latvia from 12 March 2009 to 3 November 2010, during the toughest time right after the world credit crisis.

He brought down the deficits ruthlessly, put the state finances in order, and paved the way for Latvia to join the euro which was accomplished during the next government.