Danske: Situation In Latvia Just Keeps Getting Worse

Danske pushes the political side this morning:

Yesterday the largest party in the government coalition, the Peoples’ Party, expelled the only member of the party that last week voted in favour of a real estate tax law proposed by the government. Hence, we now have the paradox that the largest governing party expels members that support the government’s own policy. One can hardly blame investors for feeling nervous about the situation in Latvia given recent political developments. Furthermore, the European Commission and the IMF have lost all faith in the Latvian government’s ability to push through with the promised budget measures.

I had a hope that increased traffic intensity is a sign of increased economic activity at the beginning of September. If it was, then it indeed WAS ...