Latvian Prime Minister Valdis Dombrovskis plans to keep his ruling coalition intact after the three parties won a majority in the nation’s first parliamentary election since it suffered the world’s deepest recession .
Latvian Prime Minister Valdis Dombrovskis , who curbed spending to unlock bailout funds, will probably remain in power after Oct. 3 elections that may see a Russian party garner the most votes for the first time.
Latvia’s Russian minority may join the government in September for the first time since the country regained its independence from the Soviet Union, threatening the austerity measures needed to adopt the euro.
Latvia’s ruling Unity party and former President Valdis Zatlers’s Reform Party said they agree on economic policy as talks begin to form a coalition to govern the Baltic nation after weekend elections.
Latvian Prime Minister Valdis Dombrovskis is trying to form a government with the backing of four parties controlling almost all the seats in parliament as he seeks to blunt opposition to another round of budget cuts.
Latvia’s coalition government, which was expected to be confirmed this week, lost its majority after six members of the Reform Party quit, leaving Premier Valdis Dombrovskis with exactly half of parliament’s seats.