The EU's economy commissioner, Joaquin Almunia, is keeping up pressure on Latvia to fulfil budget deficit cuts agreed under the terms of a €7.5 billion international loan led by the EU and the International Monetary Fund.
"This will be extremely important to increase confidence in the markets vis-a-vis the Latvian economy," he told a news conference in Riga on Tuesday (13 October) following discussions with parliamentary leaders.
"Honestly, I don't see an alternative," he added. ...
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