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	<title>StaroRiga.com &#187; Information portal of Riga &#187; economic</title>
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		<title>Former Foreign Minister of Latvia considers the country bankrupt</title>
		<link>http://www.staroriga.com/2010/07/02/former-foreign-minister-of-latvia-considers-the-country-bankrupt/</link>
		<comments>http://www.staroriga.com/2010/07/02/former-foreign-minister-of-latvia-considers-the-country-bankrupt/#comments</comments>
		<pubDate>Fri, 02 Jul 2010 14:11:18 +0000</pubDate>
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				<category><![CDATA[Economic]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[economic]]></category>
		<category><![CDATA[Latvia]]></category>
		<category><![CDATA[Riga]]></category>

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		<description><![CDATA[Former Minister of Foreign Affairs of Latvia Janis Yurkans believes that Latvian state went bankrupt and lost its independence. &#8220;Latvia as a country went bankrupt. If they will not lend us money &#8211; how we are going to pay the pensioners, how we treat people, etc?&#8221;- said Yurkans on Tuesday night in the program &#8220;Question [...]]]></description>
			<content:encoded><![CDATA[<p>Former Minister of Foreign Affairs of Latvia Janis Yurkans believes that Latvian state went bankrupt and lost its independence.</p>
<p>&#8220;Latvia as a country went bankrupt.</p>
<p>If they will not lend us money &#8211; how we are going to pay the pensioners, how we treat people, etc?&#8221;- said Yurkans on Tuesday night in the program &#8220;Question with prejudice&#8221; on the Riga TV PRO100TV.</p>
<p>The politician also believes that Latvia lost all independence.</p>
<p>&#8220;Latvia has proved that it can not exist as a state.</p>
<p>It should be under the flag of the EU.</p>
<p>We have no foreign policy, no defense &#8211; if we get into the euro zone &#8211; the money will not printed in Latvia. And the economy is dictated by those who print money &#8230; We owed so much money that our great-grandchildren would give it back.</p>
<p>So I do not see the future for a small, beautiful Latvia &#8220;- said Yurkans.</p>
<p>Latvia is experiencing severe economic crisis.</p>
<p>Many enterprises are bankrupt.</p>
<p>Unemployment reached 18%.</p>
<p>The Government has requested assistance from the IMF, the European Commission and other financial institutions, which provided the country with a loan of 7.5 billion euros.</p>
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