Latvia Needs More Capital, Asks IMF and EU for Help - Economy * Europe * News * Story

CNBC'S MOST SHARED

MORE HEADLINES

Markets | Economy | Companies

- Official Says China Hopes for Forex Diversification

LATEST FROM OUR BLOGS

- Jackson's 'Wife'? One Woman Claims She's the One

FEATURED SLIDESHOWS

Collection of Michael Jackson
Earlier this year, Jackson sought to auction his personal items. Although it never came through, here's a look at what was almost sold.
Recession-Resistant US Cities
Some cities have been hit much harder than others during the recession. Here are the metro areas faring the best.
How Much For A T-Bone Steak?
From the cost of a T-bone steak to a monthly phone bill, the price for everyday items can vary dramatically across the country.

SPECIAL REPORTS

Boom, Bust and Blame
The inside story of the economic crisis that has gripped the entire world.
E3: Gaming's Cutting Edge
North America's premier computer and video game trade show draws tens of thousands of professionals to experience the future of interactive entertainment.
The Fall of GM
A look into the fall of General Motors as the automaker heads toward bankruptcy and an effective nationalization.

Latvia Needs Capital, Asks IMF and EU for Help

By: Reuters | 03 Jun 2009 | 02:33 PM ET

Text Size

Latvia needs to reach a deal swiftly on the release of more IMF and EU funds under last year's 7.5 billion euro ($10.72 billion) bailout as it battles to calm nerves and avoid a currency devaluation, Prime Minister Valdis Dombrovskis said on Wednesday.

In an interview with CNBC Europe, Dombrovskis also said that the country needed to at least make an announcement on progress in talks with the IMF within the next few days, or by the beginning or middle of next week.

Tools: