The failure of a government bond auction this morning heightened fears that the tiny Baltic state will have to devalue its currency, the lat, which could have a huge impact on the rest of the region and other EU states.
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Latvian debt crisis shakes Eastern Europe
Telegraph.co.uk - Jun 3, 2009
… a sovereign debt crisis after failing to sell a single bill at a treasury auction worth $100m (£61m), prompting fears of a fresh storm in Eastern Europe…
EU Warns Latvia on Budget Deficit - Wall Street Journal
Fears of currency devaluation mount in Latvia - MarketWatch
No quick fix on Latvia IMF/EU deal, mkts still nervy - guardian.co.uk
Times Online - Wall Street Journal
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