Monday, Feb 23, 2009
Hospitals and schools throughout the country are under threat of closing
NYT: Latvia’s Government Falls on Economic Toll
KIEV, Ukraine — Latvia’s center-right coalition government collapsed Friday, a victim of the country’s growing economic and political turmoil.
The government in Riga, faced with forecasts of a severe drop in the economy this year, was the first in Eastern Europe to succumb to turmoil caused by the crisis. Its collapse rounded out a week in which worries about feeble investment and output and shaky banks in Central and Eastern Europe coursed through international markets.
Meanwhile, the country’s export-driven economy, which burned red-hot when easy credit flooded the world banking system, has ground to a halt.
Posted by troy @ 05:02 AM (411 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. troy said...
original source tracker :-
http://topics.nytimes.com/top/reference/timestopics/organizations/i/international_monetary_fund/index.html?inline=nyt-org
http://www.nytimes.com/2009/02/15/business/15global.html?_r=2&hp
Here it is from the horse's mouth, the New York Times:-
Rise in Jobless Poses Threat to Stability Worldwide
From lawyers in Paris to factory workers in China and bodyguards in Colombia, the ranks of the jobless are swelling rapidly across the globe.
original source :-
http://www.sott.net/articles/show/176841-Rescuing-Capitalism