In advance of October’s parliamentary election in Latvia, politicians were falling all over themselves with claims that the “consolidation” of the 2011 national budget would be based more on spending reductions than on tax increases. Those who recalled that in advance of the 2009 local government election, the same claims were made with respect to pensions rolled their eyes, and with good reason. As was the case in 2009, when, shortly after the election, the government trimmed pensions in a way which the Constitutional Court later ruled to be unconstitutional, they were...
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