Iceland government falls

[Mark Stapleton]

The Lithuanian pension system today forecast a vast deficit for this year with accelerating deficits for the next 5 years and beyond. The IMF was very active in "pensions reform" in Lithuania in 1999/2000. The birth/death ratio is definitely listing toward the aged, while the self-proclaimed conservative government engages in a subtle form of whipping up anti-Semitic sentiments, despite the almost total lack of any resident living Jews to target. The Latvian economy was almost totally dependent on foreign leveraging and cheap debt.

Well that's just terrible.