International & Foreign Law News
7/2/2009 9:11:54 AM EST
EU to give Latvia until 2012 to balance budget
BRUSSELS – (AP) The European Commission says Latvia should be given until 2012 to bring its budget deficit in line with EU rules.
EU Economic and Monetary Affairs Commissioner Joaquin Almunia says Latvia is "going through a very painful" economic crisis. He also announced Thursday the EU is releasing the next euro1.2 billion … Full version (available to lexis.com subscribers) Create an account or login to post comments.