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breakingnews
07.06.2010, 09:58
5 comments
Latvian President Valdis Zatlers believes that the biggest task towards stabilization of the economy and Latvian financial system is complete, but the goal to recover and get back to growth has not been achieved yet.
27.01.2010, 19:29
1 comment
Speaking on the sidelines of the World Economic Forum in Davos, Latvian President Valdis Zalters claims that his country’s crisis recovery plan has been more successful then even its authors expected.
12.03.2010, 08:03
20 comments
As Lithuania is marking its 20th anniversary of independence from the Soviet Union, the country’s achievements in the new era are being questioned.
30.04.2010, 13:37
16 comments
Greece faces years of painful cuts to salaries in return for a multi-billion-dollar bailout from the International Monetary Fund and the EU. The Greek finance minister called it a “choice between collapse or salvation.”
18.10.2010, 09:09
4 comments
Public services in Britain are facing massive cuts in their budget as the government looks to fill the huge black hole in its balance sheet.
19.02.2010, 10:10
4 comments
Economists say German tax payers will bear the cost of the Greek debt crisis despite opinion polls showing most Germans oppose it, as the risk of default grows in other countries.
04.05.2010, 09:44
Demonstrations are sweeping across Greece as tougher economic measures are introduced by the government.
26.05.2010, 15:30
With the euro having slumped to its lowest level in nearly four years against the US dollar, analysts say the markets are selling off until they are convinced that fiscal discipline is restored.
16.02.2010, 20:33
15 comments
Greek Prime Minister George Papandreou met with Russian leadership on Tuesday. Cooperation on major gas and oil pipeline projects dominated talks.
06.05.2010, 20:30
7 comments
On Thursday afternoon the Greek parliament passed a package of strong anti-crisis measures in exchange for vast financial aid from EU countries.
Published: 27 July, 2010, 06:57
Edited: 27 July, 2010, 13:37
The financial crisis has especially hit a new member of EU, resulting in 8 percent of Latvians registered below the poverty line. Once enjoying a record breaking economic boom, it now relies on IMF loans to survive.
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