Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-10-Speech-4-031-000"

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". Mr President, unfortunately, Ireland is not the only country, and Greece is not the only country either. Latvia was perhaps the first to undergo all this hardship, which was caused by the activities of the banks. The minimum wage has been reduced in Latvia, and it is lower than the subsistence level. Pensions have been reduced, along with the minimum tax-free amount. The people are protesting. Over this period, Latvia has lost one fifth of its population; one fifth has emigrated and is working abroad. The International Monetary Fund, which is supposedly rescuing Latvia, set conditions that are draconian. It permitted money to be used to save the banks, a little money to be left over for the next potential bank rescue, but did not permit ..."@en1
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