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[click image]On the brink: The sick men of Europe
Latvia
A few months ago, it was the EU's fastest growing economy, with growth of nearly 11 per cent. Now Latvia faces economic ruin. In February the government collapsed following violent demonstrations in the capital Riga in protest at the government's handling of the crisis and steep IMF-imposed cutbacks. Farmers have blockaded the capital in protest at plummeting incomes, while unemployment has risen to 10.4 per cent, more than double what it was a year ago.
Hungary
Premier Ferenc Gyurcsany resigned last weekend amid efforts to impose austerity cutbacks demanded by the IMF. Hungary was the first EU member to seek an IMF bailout to stave off economic collapse. The Hungarian economy is expected to contract by as much as 3.5 per cent this year. Public sector unrest over tax and pension reforms is at boiling point and social tensions have risen with "Gypsies" blamed by nationalist groups for a crime wave linked to the worsening economic conditions.
Ukraine
Demonstrations occur almost daily as the country teeters on the brink of collapse. Economic output has plummeted and Russia continues to meddle in its energy industry. Despite this, President Viktor Yushchenko and Prime Minister Julia Tymoshenko are still locked in a power struggle that has paralysed Ukrainian politics since the 2004 Orange Revolution. Now the IMF has postponed payment of the second tranche of a $16.4bn loan due to their failure to agree on a budget.











No one has to "marry" anyone else politically; no one has to embrace every tenet or belief that an anti-imperialist ally might hold. You simply have to say: "All of us, regardless of our other views, believe this truth to be self-evident: dismantling the empire will bring immediate and enormous benefits to our nation and to the world."





















If in your travels you meet the Buddha, throw him through your tv set.
—Davis Fleetwood

I've found that culture, however useful and important, is neither the foundation nor the ceiling of human experience, even if it is commonly used for walls.












I really consider President and Mrs. Mubarak to be friends of my family. So I hope to see him often here in Egypt and in the United States. —Hillary Clinton






