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Latvia has been the hardest hit by recession amongst the EU's 27 member states (Photo: European Commission)

Latvian parliament backs IMF bailout deal

A crucial vote in the Latvian parliament on Thursday (21 January) gave a renewed mandate to the government to continue talks with the International Monetary Fund and the European Union regarding the country's €7.5 billion bailout package.

The vote was precipitated following a ruling last month by the country's constitutional court against government pension cuts, drawing a question mark over the country's ability to meet the terms of the international lending programme agreed in Decembe...

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Latvia has been the hardest hit by recession amongst the EU's 27 member states (Photo: European Commission)

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