Economic crisis sparks violent protests that started with snowballs
Here’s a cheery thought: as bad as Canada’s economic crisis gets, there’s still a way to go before bottom. Take Latvia, for instance, where violent protests are shaking the capital of Riga. After years of double-digit growth, the country’s central bank has been forced to use a fifth of its reserves to stave off devaluation of its currency. Unemployment is on the rise and there is talk of steep salary cuts. And the rioting started with people throwing snowballs.