tag:blogger.com,1999:blog-2873748063007712173.post5726508899231901110..comments2010-02-14T12:44:58.216+01:00Comments on Latvia Economy Watch: Facebook LinksUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2873748063007712173.post-13360059829249367142009-06-26T16:29:05.550+02:002009-06-26T16:29:05.550+02:00Just for the record. My feeling is that if Latvia ...Just for the record. My feeling is that if Latvia devalue now, the short term contagion can be contained. There will be an adjustment in the other Baltic countries and Bulgaria, and pressure on Hungary and Romania, and that's it.<br /><br />If Latvia wait six months and then devalue, and the EU lose a lot of credibility in the process, then the most likely outcome is that the contagion will jump straight to the south of Europe (in particular Spain, but also Greece) which is the next battlefield where the Commission will be tried and tested, and surely the future of the Eurozone will be decided. <br /><br />A lot is at stake in this coming IMF decision, and I think everyone knows my views by now.Edward Hughhttps://www.blogger.com/profile/10384039867580949531noreply@blogger.comtag:blogger.com,1999:blog-2873748063007712173.post-23891869112572580002009-06-26T16:26:20.640+02:002009-06-26T16:26:20.640+02:00Latvia 26Jun09 17:12 EU to give Latvia next loan t...Latvia 26Jun09 17:12 EU to give Latvia next loan tranche within weeks <br /><br />BRUSSELS, June 26 (Reuters) - The European Commission will pay out the second tranche of its balance-of payments aid for Latvia within weeks, the European Union executive said on Friday. The Economic and Financial Committee of junior EU finance ministers and central bankers backed the disbursement of the 1.2 billion euro ($1.7 billion) tranche from the Commission and the International Monetary Fund after budget cuts by the Baltic state. "The Commission ... will now proceed with the finalisation of the revised memorandum of understanding for signature by the Latvian government and (Monetary Affairs) Commissioner (Joaquin) Almunia, as well as the technical preparation of the second loan installment which will be disbursed in the next weeks," Commission spokeswoman Amelia Torres said.Edward Hughhttps://www.blogger.com/profile/10384039867580949531noreply@blogger.comtag:blogger.com,1999:blog-2873748063007712173.post-916270609079255732009-06-26T13:53:32.076+02:002009-06-26T13:53:32.076+02:00Hi,
"You usually are so surprisingly quick w...Hi,<br /><br />"You usually are so surprisingly quick with news and Latvian Statistical Office releases"<br /><br />Yes. Basically I am waiting to see what the IMF says. But if you want quick link updates from now on, you need to connect into me on facebook. On the public blogs I am going to concentrate on more thorough analysis.<br /><br />Also, it is holiday time :)Edward Hughhttps://www.blogger.com/profile/10384039867580949531noreply@blogger.comtag:blogger.com,1999:blog-2873748063007712173.post-76090302209211505792009-06-26T13:29:18.234+02:002009-06-26T13:29:18.234+02:00Hey! You usually are so surprisingly quick with ne...Hey! You usually are so surprisingly quick with news and Latvian Statistical Office releases, How about this: LETA: Decision of the ECFIN committee regarding the next tranche to Latvia is positive.Anonymousnoreply@blogger.com