RIGA - Financially, we are very well positioned in this crisis, Prime Minister Krisjanis Karins (New Unity) said in an interview to Latvian Television on Wednesday.
The prime minister indicated that when the crisis broke out the Treasury already had EUR 1 billion that could be used as a budget deficit to cope with the crisis impact, but by Tuesday evening that amount had increased to EUR 2.6 billion. "We have continued to successfully borrow in international markets on very low interest rates of 0.2 and 0.4 percent," Karins said.
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