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View Full Version : Latvia Euro Drive Worsens Slump as IMF Shores Up Eastern Europe - Bloomberg



NewsWhore
05-15-2009, 02:55 AM
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Latvia Euro Drive Worsens Slump as IMF Shores Up Eastern Europe (http://news.google.com/news/url?sa=T&ct=us/4-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3DaT2Z7U8CJ71g%26refer%3Deurope&cid=1351385482&ei=KBQNSsPQINKgmAfzm5CCBw&usg=AFQjCNHwoTwCi8Ra9JADGLkxwBwNqKEvDg)
Bloomberg
Conditions are harsher in Latvia because of its pledge to peg its currency, the lats, to the euro. “We are seeing one of the strongest contractions on record,” said Marco Annunziata, chief economist at UniCredit Group in London. ...


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