Latvia to cut public spending

The Latvian Government agrees a significant fiscal restructuring programme on the 9 December 2008 in order to secure a rescue package from the International Monetary Fund and the European Union.

ESO: Background information: Latvia nationalises Parex Bank http://www.europeansources.info/record/latvia-nationalises-parex-bank/

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

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

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