Saturday, 21 February 2009

Latvia PM falls victim to turmoil

Latvia’s prime minister resigned on Friday as the financial and economic turmoil sweeping central and and eastern Europe claimed its first government leader.

Ivars Godmanis quit as the European Union attempted to boost its political support for new member states in eastern Europe with the announcement of a mini-summit on March 1.

The meeting between José Manuel Barroso, the European Commission president, and east European leaders, which will precede a full EU summit, has been arranged after a week of falls in east European currencies, doubts over the access to international credit of the more vulnerable east European countries and uncertainty on possible financial support from western Europe.

No comments:

Post a Comment