Another One Bites the Dust

Another of the many governments that will fall because of the failings of neo-liberal globalization:

Latvia’s center-right coalition government collapsed Friday, a victim of the country’s growing economic and political turmoil. It was the second European government, after Iceland, to disintegrate because of the international financial crisis.

The government in Riga, faced with forecasts of a severe drop in the economy this year, was the first in Eastern Europe to succumb to turmoil caused by the crisis. Its collapse rounded out a week in which worries about feeble investment and output and shaky banks in Central and Eastern Europe coursed through international markets.