Latvia: An Ailing Economy on the Road to Recovery

May 13, 2010 — Two years ago, Latvia was on the brink of bankruptcy. The government obtained loans from the International Monetary Fund and the European Union, and in return had to undertake drastic financial cuts. Now the Latvian economy is on the upswing again.Times have been tough in Latvia. Wages and pensions were slashed, and schools let go half of their teaching staff. Now the painful measures are starting to pay off. Unemployment is still at 20 percent and investment remains low, but Riga is optimistic that the Latvian economy will return to growth in the second half of 2010. Some Latvians cite the years under Soviet rule, when the nation was forced to learn great patience and fortitude, as one of the reasons they were able to stay the course.

Webster Tarpley Predicts End of The EURO

Webster Tarpley , we have a chaotic collapse of the ECB European Central Bank , the Euro can survive weeks or months...



Webster Griffin Tarpley is an author, historian, journalist, lecturer, and critic of US foreign and domestic policy. Tarpley maintains that the September 11 attacks were engineered by a rogue network of the military industrial complex and intelligence agencies.[1] His writings and speeches describe a model of false flag terror operations by a rogue network in the military/intelligence sector working with moles in the private sector and in corporate media, and locates such contemporary false flag operations in a historical context stretching back in the English speaking world to at least the "gunpowder plot" in England in 1605. He also maintains that "The notion of anthropogenic global warming is a fraud." Source Wikipedia