Latvia’s Great Depression | Foreign Policy

Posted by Matt in February 27th, 2010 | no comment

Published in Economy, Europe, City Government, Collapse, Europe, Foreign Policy, Great Depression, Greece Economy, Latvia, Maintenance Budget, Metrics, Midst, Rainy Winters, Real Reason, Riga, Road Maintenance, Surprise, United States, Wintry Mess

Think Greece is bad? Look north.
Riga has had mild, rainy winters of late, and the snow caught the city by surprise. But the real reason for the wintry mess is that the city government has slashed its road maintenance budget by a third. Although the world is watching Greece, Latvia’s economy is the most imperiled [...]

Latvia’s currency crisis fears spread

Posted by Matt in June 6th, 2009 | no comment

Published in Economy, Europe, Financial, Arc, Baltic Nations, Baltic Sea, Budget Cuts, Contagion, Crisis Fears, Currency Crisis, Darkness, Eastern Europe, Economists, European Economy, Financial Crisis, Fragility, Global Financial Crisis, Latvia, Neighbors, Neighbours, Sunday Herald, Wall Street, Wall Street Journal, Worries

Worries are intensifying that Latvia’s financial crisis will spread to its Baltic Sea neighbors and to Eastern Europe, economists say.
The situation is revealing fragility at the edges of the European economy and reportedly has sparked fears that a currency crisis could spread to fellow Baltic nations Lithuania and Estonia.
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Latvia’s Problems Prompt Worry About Contagion [...]

Latvia to abandon Soviet-era nuclear bomb shelters

Posted by Matt in June 5th, 2009 | no comment

Published in Nuclear, Shelters, Begging For Help, China, Communist Party, Disrepair, Era, International Monetary Fund, Labyrinth, Latvia, Missiles, Nuclear Attack, Nuclear Bomb Shelters, Party Bosses, Population, Public Servants, Russia, Sneak Attack, Soviet Union, Surprise Attack, Underground Bomb Shelters, Waste Of Time, Western Countries

Latvia figured out that these shelters were pointless. They will only accommodate 5 percent of Latvia’s population, so why bother?
Why is it that Western countries never built that many nuclear bomb shelters, and the few they did build have fallen into disrepair?
Why is it that both Russia and China are focusing on building underground bomb [...]

Latvian crisis deepens as Europe debates aid

Posted by Matt in June 4th, 2009 | no comment

Published in Economy, Europe, 100m, Baltic State, Bond Auction, Budget Deficit, Currency, Currency Devaluation, Debates, Debt Crisis, Eastern Europe, Economic Crisis, Europe, Failure, Fears, Government Auction, Government Bond, guardian, Imf, Job, Latvia, New York Times, Sovereign Debt, Telegraph, Telegraph Co Uk, Telegraph Uk, Trade Union Confederation, Treasury Auction, Wall Street, Wall Street Journal

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 [...]

Five Countries that could Follow Iceland into Meltdown

Posted by Matt in January 27th, 2009 | no comment

Published in Britain, Economy, Europe, Financial, Austerity Measures, Daniel Ortega, Downgrades, Economic Depression, Economic Measures, Fall From Grace, Financial Crisis, Global Financial Crisis, Google, Grace Time, Great Depression, Greece, Latvia, Modern History, New Europe, Nicaragua, Nicaraguan President Daniel, Peace Time, President Daniel Ortega, Recessions, Similar Pages, Sovereign Debt, Street Clashes, Surprise Move, Time Crisis, Toxic Brew, Uk Finance, Ukraine, Weathering, world-war-II

Is Britain the next to fall?
The financial crisis has gotten so severe in Britain that it has earned London a new nickname in the international media: Reykjavik-on-Thames. The question in Britain is no longer when the economy will enter a recession, but when it will enter a depression, with many bracing for a slump that [...]

Latvia Lists Russia as Major Threat to Its National Security

Posted by Matt in July 10th, 2008 | no comment

Published in Europe, Russia, Baltic State, Baltic States, Drug Trafficking, Illegal Immigration, Latvia, National Security Council, News Agency, Ria Novosti News, Russia, Security Threats, Terrorism

The Latvian National Security Council has included Russia in a list of major security threats to the Baltic state. As the RIA Novosti news agency reports, the agency places Russia’s threat alongside terrorism, drug trafficking and illegal immigration.
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