Latvia agrees pact on budget cuts

Article reports that Latvia’s government struck a tentative deal on the 12 October 2009 to push through deep budget cuts demanded by international lenders as a condition of its €7.5bn rescue package.

ESO: Background information: Latvian loan plan threatens Nordic banks http://www.europeansources.info/record/latvian-loan-plan-threatens-nordic-banks/

IMF: Latvia and the IMF http://www.imf.org/external/country/LVA/index.htm

European Commission: DG Economic and Financial Affairs: Economies of the Member States: Latvia http://ec.europa.eu/economy_finance/eu_economic_situation/member_state8606_en.htm

---