Head of Latvian c bank prepared to found new party

LATVIA - Bank of Latvia President Einars Repse is ready to undertake formation of a new right-wing party.

However, he wants to receive a single allowance on starting the work. Shortly after the Saeima's [parliament] ceremonial session held 21 August in honour of the adoption of the Constitutional Law in 1991, Repse released a statement saying that he is prepared to found a party if adequate financial independence is guaranteed.

"The funding should cover not only payments for my further work but

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