Othewise, even the Foreign Investors Council in Latvia (FICIL) has been saying that the economy could shrink by 20 % (the most recent figure was 18 %). Ilmars Rimševics, the governor of the Bank of Latvia, said in an interview that if international loans do not come through, there could be some kind of ration coupon system by the end of the year (!?). Rationing usually happens when there is a shortage of good, no sign of that. However, some towns in Latvia are providing social welfare in kind by allotting small gardens and vegetable seeds to the poor instead of cash payments. The idea is kind of reasonable, but also a symptom of the impending collapse of the social safety net in this country.
Anyway, here is the relatively happy video: