Repse hands in resignation to go into politics

LATVIA - The president of the Bank of Latvia, Einars Repse, handed in a resignation to the Latvian Parliament Speaker Janis Straume 30 November, so that he could draw attention to forming his new would-be political party already named Jaunais Laiks, or New Time.

"With this day starts a new chapter in my life, and I hope also in the life of all Latvia," Repse told reporters after meeting Straume.

The longstanding central banker, now aged 40, said that the time has come to care for Latvia's

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