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View Full Version : Latvia Faces Bankruptcy by June If IMF Loan Delayed - Bloomberg



NewsWhore
03-09-2009, 09:50 AM
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Latvia Faces Bankruptcy by June If IMF Loan Delayed (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3Damul7WdrfVtE%26refer%3Deurope&cid=1312521632&ei=WRG1Sc_2KZzqQqK6gPwF&usg=AFQjCNEnKnowHWTzv7qRLMHcHu6yIRLJ1w)
Bloomberg
Latvia faces a deepening contraction as its currency peg to the euro forces it to push through wage cuts to remain competitive. The economic collapse threatens to spread through the whole Baltic region, and there may be need for a broader bailout that ...


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