Author (Corporate) | Deutsche Welle |
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Series Title | Article |
Series Details | 21.12.09 |
Publication Date | 21/12/2009 |
Content Type | News |
The Constitutional court in Latvia has ruled December 2009 that the country's plan to cut pensions in order to pay for a bailout loan is illegal. The pension cuts were passed by the government as part of Latvia's austerity measures and operational since July 2009. This move has cast doubt on a crucial International Monetary Fund (IMF) and EU-led €7.5bn bailout for the recession-hit state. |
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Source Link | Link to Main Source http://www.dw-world.de/dw/article/0,,5043430,00.html |
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Countries / Regions | Latvia |