Abstract:At the end of 2008, Latvia's population found out about the financial problems of one of Latvia's largest banks. At first, politicians stated that there were no grounds for concern and that there was no crisis, but just a couple of weeks later the opposite turned out to be true. Accordingly, the Saeima made a number of decisions that met with mixed reactions in society, also including amendments to tax laws. At the same time, the Cabinet also made decisions about public expenditure cuts and redundancies, and e… Show more
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