Latvia's Center-Right Government Resigns Amid Crisis

[Joanne98]

Latvia's center-right coalition government resigned Friday after weeks of instability brought on by the country's economic collapse.

President Valdis Zatlers said he had accepted the resignation of Prime Minister Ivars Godmanis and his administration, which had been in power since December 2007. Zatlers said he would begin talks with party leaders Monday to find a new candidate for premier.

International lenders, including the European Union and the International Monetary Fund, have pledged almost $10 billion to help the Baltic country recover.

Also Friday, the government of recession-hit Estonia survived a parliamentary vote of confidence over budget cuts of $650 million. The proposed cuts include slashing public-sector salaries by 10 percent and abandoning planned increases in pensions.

http://www.washingtonpost.com/wp-dyn/content/article/2009/02/20/AR2009022003556.html

This happened Saturday. Somehow I missed it. I'm watching Thailand now.

[izquierdista]

1. $5000 per head?

That's what it works out to. That kind of money will go a long way there -- that is if it was put into the hands of the average person and not the top 1%.