Depkin'S Manor
New York Times (Free subscription) | 07/02/2009
The European Commission said that it would unblock the funds to help the Baltic nation head off a collapse of its economy and maintain its currency link to the euro.
A Fistful of Euros (Free subscription) | 07/02/2009
So we’re in the new era of the Swedish presidency of the European council. Insh’allah this will be the last country presidency under the rotating system once all that Lisbon messiness is sorted out. The Swedes have the advantage of taking over from the politically hobbled Czech presidency and they begin with a slick website [...]
The Earth Times Online Newspaper (Free subscription) | 07/02/2009
Brussels - The European Commission will pay out the second instalment of its 3.1-billion-euro (4.4-billion-dollar) emergency loan to Latvia in the second half of July, officials in Brussels said Thursday. The instalment, which consists of 1.2 billi...
Boston Globe (Free subscription) | 07/02/2009
The European Commission says Latvia should be given until 2012 to bring its budget deficit in line with EU rules.
Baltic Times (Free subscription) | 07/02/2009
RIGA - The European Commission (EC) plans to approve a second loan installment for Latvia totaling 1.2 billion euros as part of an international bailout package agreed in December The next tranche of funds from international donors is expected to total 1.4 billion euros, with an additional 0.2 bill...
The Earth Times Online Newspaper (Free subscription) | 07/01/2009
Riga - Aged just 33, Nils Usakovs took over as Mayor of the Latvian capital, Riga Wednesday - one of the youngest heads of a major European city. His election at the first meeting of the newly-elected city council has raised fears among some Latvian ...
Global Voices Online (Free subscription) | 06/30/2009
A Fistful Of Euros describes how the International Monetary Fund and the European Central Bank may be taking another line on the currency peg of the Lat to the Euro and the country's future inclusion into the Euro zone.
SeekingAlpha.com (Free subscription) | 06/29/2009
Edward Hugh submits: There was a very interesting and revealing press conference given by IMF First Deputy Managing Director John Lipsky and European Central Bank governing council member Christian Noyer in Paris on Thursday. Christian Noyer said that, in his opinion, Baltic countries like Latvia would not be helped by joining the single currency (the euro) prematurely. "It's in the interest...
Reuters UK (Free subscription) | 06/29/2009
FRANKFURT, June 29 (Reuters) - The European Central Bank has urged Latvia to rethink plans to siphon off half of its central bank's profits to help rebuild the country's battered finances.
3wan.net (Free subscription) | 06/28/2009
[ec] The European Commission today launched legal action against Latvia over the administrative charges levied by the “Electronic Communications Office” (Elektronisko sakaru direkcija (ESD)), one of Latvia’s national telecoms regulators. The Commission is concerned that the administrative charges collected from companies for controlling the usage of the radio spectrum are not imposed...
Baltic Economy Watch (Free subscription) | 06/27/2009
Very interesting and revealing press conference given by IMF First Deputy Managing Director John Lipsky and European Central Bank governing council member Christian Noyer in Paris on Thursday. Christian Noyer said that, in his opinion, Baltic countries like Latvia would not be helped by joining the single currency (the euro) prematurely. "It's in the interest of candidate countries not to enter...
The Earth Times Online Newspaper (Free subscription) | 06/26/2009
Brussels - After Latvia's passage of an austerity package, the European Union has announced plans to release an additional 1.2 billion euros (1.69 billion dollars) in emergency aid. The funding was part of a previously announced 3.1-billion-euro pack...
Politics.ie (Free subscription) | 06/24/2009
*the European Commission classed Britain alongside the struggling Irish Republic and stricken Latvia* Brussels turned up the heat on Britain...
Sofia News Agency (Free subscription) | 06/23/2009
By Elizabeth Konstantinova Bloomberg Agency Latvia, Belarus and Bulgaria lack enough international reserves to cover debts coming due this year and may have to tap "official sources" for more capital or cut spending, the World Bank said. Latvia's short-term debt amounted to 250 percent of its ....
Not a sheep (Free subscription) | 06/22/2009
The BBC analyse "The Tories' new EU allies" with all the emphasis that you would expect on accusations of homophobia and racism. I presume that the BBC will follow this report with one on Labour's allies: "the majority of the Democratic Left Alliance MEPs (Labour’s Polish sister party, allies in the Party of European Socialists (PES) in the European Parliament) were Communist Party...
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