Wed, 27 Jul 2011: Risks remain despite second bailout…

and China, the world’s two largest economies, the bank said. The main contagion threat is that Western European banks, including Unicredit SpA (UCG), Erste Group Bank AG (EBS) and Societe Ge...

Wed, 25 May 2011: Debt crisis threatens recovery…

The eurozone remains marred by a debt crisis, which may stall regional growth and pose a threat to local banks. “Better growth prospects are associated with stronger inflationary pressures ...

Wed, 5 May 2010: Dombrovskis says Greece should ‘get real’…

25 peak. Latvia’s 7.5 billion euro IMF and EU program has helped restore investor confidence, though the country’s budget cuts led to an 18 percent economic contraction last year. &...

Thu, 1 Apr 2010: The week’s top news in world financial markets from Maximus Capital…

Another report showed home prices rose in January. Gloom is lifting as firings slowand the expansion that began in the middle of 2009 is on the cusp of prompting companies to boost payrolls. Consu...

Wed, 10 Mar 2010: High praise for Dombrovskis’ crisis leadership…

The former central bank economist implemented an austerity program demanded by a group led by the European Commission and the International Monetary Fund, which stepped in with a 7.5 billion euro ...

Thu, 10 Dec 2009: Latvia’s economy stabilizing, but remains ‘fragile’…

Latvia is ahead of schedule in reducing its budget gap as the government pushes through austerity measures needed to keep bailout funds flowing in, Prime Minister Valdis Dombrovskis said on Dec...

Thu, 12 Nov 2009: ‘Internal Devaluation’ keeps lid on spending…

The largest decreases were observed in retail trade, with activity off 32 percent, manufacturing down by 17 percent and public administration off by 16 percent, reported LETA. Latvia's economic p...

Wed, 14 Oct 2009: Proposal would trigger foreign banks to retreat from Latvia…

Dombrovskis says "the [current] situation in the financial markets and the increasing problems with the borrowers" is driving the proposal. Sweden has already led criticism of its cross-sea neig...

Wed, 3 Dec 2008: Billion-euro bailout to speed up energy link …

With the impending shut down of Ignalina [Nuclear Power Plant], we will have problems soon." The Ministry of Economy thinks this will help other countries move faster. "The Swedish 's Baltic link ...

Thu, 6 Feb 2003: France Telecom bailout sparks EU investigation…

One of its aims is to give the member state concerned and France Telecom's competitors the opportunity to make their views known," the commission said.A commission source said the probe could last...
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