Jun 11

Reading Material, 11th June, Focus on Latvia

Posted by Kristjan Velbri | Posted in Europe | Posted on 11-06-2009

Lots of mixed news on Latvian devaluation.Danske Bank reports that the roots of Latvia’s devaluation panic are rather in Stockholm (BBN). Moody’s sees  Latvia avoiding devaluation (MarketWatch). Other news include:
The Devaluation Idea (WSJ)
Latvia proposes 40% income tax (Reuters)
Latvia Budget Cuts Get Union Backing Ahead of Parliament Debate (Bloomberg)
Latvia risks becoming first EU member to face economic meltdown (Telegraph)

Economist special:
Obama urges Congress to pass new PAYGO plan
Military spending UP!

The biggest bill in history

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