login
login

Europe Daily Bulletin No. 9934

3 July 2009
GENERAL NEWS / (eu) eu/economy
Latvia granted second instalment of balance of payments bailout - new stage in excess deficit proceedings

Brussels, 02/07/2009 (Agence Europe) - On Thursday 2 July 2009, the European Commission decided to release the €1.2 billion second instalment of the European Union loan to Latvia to support the adjustment programme. The second instalment will be disbursed in July after the signature of a Supplemental Memorandum of Understanding and after raising the money in the financial markets. At the same time, the Commission recommended, in the context of the excess deficit procedure (Article 104,...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS