Monday, November 26, 2007

More anti-inflation protests

Last Saturday, 70,000 Slovenians protested against rising inflation. This weekend saw a similar protest in Vilnius. 4,000 Lithuanians took to streets to protest against high inflation and low wages. This looks like a regional trend now.

Latvian labor unions organized two similar protests against government's budget in October but, although Latvian inflation is now at 13.2%, they gathered a smaller number of people (between 200 and 2,000, depending on whose estimate we believe). There are two possible explanations:
  1. Salary increases in the last years have been sufficient to compensate for inflation, or
  2. Latvians are so indifferent that it takes much more than in other countries until they start protesting.

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