Ex Latvian central bank chief shocks with pay rise

- Central Banking staff
- 03 Feb 2003

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ARTICLE - The ex governor of the central bank of Latvia, Einars Repse, now Prime Minister of the eastern European nation, has announced that all ministers are to have their salaries tripled. The move, needed to say, faced little opposition from the ministers themselves, but the Latvian people have voiced strong opposition.

Saved From Going Naked and Hungry

The Latvian prime minister's tripling of ministerial salaries suggests a bold new economic strategy for all his countrymen.

by Edgars Kariks

Firs

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