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Get breaking Forex News, real time forex market analysis, current trading strategies, plus a global economic calendar here.The Latvian PM is sounding bullish on the expected aid package from the IMF saying he is confident that Latvia will receive the second tranche of aid from the IMF and won’t need any more than the agreed 7.5bln Euros. Earlier today Serbia were told by the IMF that it must cut


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The Latvian PM is sounding bullish on the expected aid package from the IMF saying he is confident that Latvia will receive the second tranche of aid from the IMF and won’t need any more than the agreed 7.5bln Euros. Earlier today Serbia were told by the IMF that it must cut spending or raise taxes in order to satisfy the conditions for a 3 biliion Euro IMF loan. While it could be argued that this sort of fiscal responsibility is to be admired,  spending cuts and/or tax rises is the last thing these emerging economies need at this stage of the economic cycle.

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