Soros Criticizes EU For Faulty Latvia Financial Rescue.

REUTERS/
"The pressure for them to reduce government spending -- the problem is in the private sector -- is the wrong kind of policy, which ought to be avoided," billionaire investor George Soros said.
"I think that the European Union countries ... ought to help Latvia more than they are currently doing."

Latvia Close To Agreement With IMF, EU And Sweden.

BLOOMBERG/
“Latvia is on the way to coming to an agreement with its international lenders,” said Liga Krapane, Prime Minister Valdis Dombrovskis’s spokeswoman.
The IMF, European Union and Sweden agreed to loan Latvia 7.5 billion-euro ($11 billion) in December and have vigorously urged Dombrovskis to cut budget some 500 million lati ($1 billion) a year until 2012. Swedish Premier Fredrik Reinfeldt said on Oct. 5 Latvia “must correct” its deficit and Riksbank Governor Stefan Ingves has said the country may be left “in the cold” if it doesn’t comply.

Swedish Weapons Sold To Venezuela...Found In Colombian FARC Camp.

From MercoPress.

Powerful weapons including anti-tank rockets made by Sweden and sold to Venezuela in the 1980's were found by Colombian troops in a raid on a FARC camp.