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Latvian government approves controversial EU fiscal treaty

  • 2012-02-29
  • From wire reports
RIGA - The Latvian government has approved the bill on the European Union’s fiscal discipline treaty, LETA reports.“Latvia also wants to ensure economic growth and prosperity, with the help of eurozone advantages. We are interested in a stable and strong eurozone,” said Prime Minister Valdis Dombrovskis.The prime minister said that several analysts believe that fiscal discipline and economic growth exclude each other and that austerity measures will not lead to growth. Therefore, governments are being urged to increase their budget deficits to stimulate economic g...
 
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