- Workers Staying Put at Their Jobs as Jobless Surges
- Apple Surpasses Nokia as Top Handset Maker by Profit
- Three Things the US Can Do To Stop the Dollar's Decline
- Toll Brothers: More Contracts Signed, but Sales Down
- Fed's Lacker: US in a 'Good Place' With Inflation
- Bear Stearn Fund Managers Not Guilty on All Counts
- Ponzi Proceeds: Bidding on Madoff's Toys
- Commodity ETFs: Returns May Not Match Expectations
- JPMorgan Chase to Hire 1,200 Mortgage Officers
- Beware of 'Trampling Effect' When Market Tops: Manager
- Gold Heading to $1150: Art Hogan
- Starbucks Brews Up Growth
- Farr: An Extended Period—No Fat Lady in Sight
- More Upside if S&P Passes This Number: Market Pro
- Murdoch Lashes Out At Google
- Fighting The Flu Vaccine Critics
- Nov. 10: Unusual Volume Leaders
- Shadow Inventory Dwarfs Loan Mods
- FDIC boss: Big banks still aren't lending enough
- Logitech to buy LifeSize Communications for $405M
- Werner Enterprises to pay special dividend
- Emdeon 3Q loss widens on costs
- Ambac warns it may file for bankruptcy protection
- UN chief prods US Senate to tackle climate change
- Cliffs Natural raises quarterly dividend
- Atmos posts 4Q loss on drop in natural gas prices
- PepsiCo withdraws FTC filings in bottler deals
VILNIUS, Lithuania - Violent political protests sweeping parts of Eastern Europe spread Friday to Lithuania, where police fired rubber bullets and tear gas at a rock-throwing mob attacking Parliament.
Fifteen people were injured and more than 80 detained in several hours of street fighting between angry protesters and helmeted riot police.
The violence followed similar riots this week in Bulgaria and Latvia amid a wave of discontent over economic woes, difficult reforms and government corruption. In all three countries, peaceful anti-government rallies ended in vandalism and brawls with police.
"There are forces that are interested in destabilization and chaos in Lithuania, and they are using the public's dismay over painful reforms to achieve their hostile plans," Prime Minister Andrius Kubilius said in the capital, Vilnius.
His center-right coalition, in power less than two months, has been criticized for tax increases that the government said were needed to shore up state finances. The Finance Ministry announced Friday it intended to borrow $1.3 billion from the European Investment Bank to plug a yawning budget gap. The Baltic country's economy is expected to enter a recession this year.
"We are here today because this government is mocking us," said Liucija Mukiene, a 63-year-old protester in Vilnius. "They are taking away our last money and providing nothing. I am fed up with the lies, corruption and those grinning, fat faces behind the windows of Parliament."
Crowd demanded lawmaker
Some 7,000 protesters had gathered outside Parliament on Friday morning to demonstrate against the government's reforms. The violence started when police pushed away protesters who were demanding to see the parliamentary speaker.
The angry mob hurled rocks, eggs and snow balls at officers and the Parliament building, shattering about a dozen windows. Police responded by firing tear gas and rubber bullets at the angry mob.
The Interior Ministry said 15 people were injured, including four police officers. One protester lost a finger to a rubber bullet, police said.
On Tuesday more than 100 people were detained and some 40 injured in Baltic neighbor Latvia, when anti-government protesters clashed with police. Dozens were injured in Bulgarian clashes Wednesday.
Analysts warned the violence could spread as the economic crisis deepens, especially in former communist countries that had seen spectacular growth in recent years.
"It's quite dramatic when you've had (gross domestic product) growth of 10 percent and fall to minus 5 percent, like Latvia," said Thorbjorn Becker, director of the Stockholm Institute of Transition Economics, or SITE. "As people become unemployed and watch their income fall this year, you will likely see regular incidents of this kind."
Latvia has the worst-performing economy in the European Union, and unemployment soared from 6 percent to 7 percent in December.
Many Bulgarians blame their Socialist-led government for the country's woes, which have been greatly exacerbated by the current crisis over Russian natural gas.
In both countries demands are growing for early parliamentary elections. The senior ruling coalition party in Latvia heeded the call on Friday, calling for a new vote as soon as possible.
Problems with communist legacy
Economic problems are taking their toll elsewhere in Eastern Europe, including Hungary, Ukraine and Romania.
Romania's national currency has lost 17 percent in one year.
"I am worried that Romania will slide backwards like Lithuania, Latvia and Bulgaria," said political analyst Bogdan Chirieac.
Silver Meikar, an Estonian lawmaker, said ill-conceived cuts in social expenditures could trigger protests in his country, too.
"If the government decides to, say, cut pensions or decrease teachers' salaries, we'll very likely to see demonstrations," he said. He said violence was less likely in Estonia because there's a broader understanding that economic reforms are needed.
Political experts stressed that many former communist countries share a similar political culture.
"The political elite does not know how to establish a dialogue with society," Raimundas Lopata, director of the International Relations and Political Science Institute in Vilnius. "Will government learn this lesson so that such violence will not break out again? I doubt it."
Ivars Ijabs, an assistant professor of political science at the University of Latvia, agreed.
"People see how America elected Barack Obama — a symbol of hope and change — and they want something similar at home," he said.
- Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
- If you are lucky enough to have money and the time, this is a great time to see America, says CNBC's Jane Wells.
- What’s powering your microwave, fridge and computer? Part of it is fuel from Russian nuclear weapons. The NYT reports.
- One author sees lessons for you in Disney’s recent Makeover of Mickey Mouse: “Nice” doesn’t always win.
- With 123 years of history, slogans and commercials, Coca-Cola is the most recognized brand on earth.
- The opening of a virtual pet store in “World of Warcraft” could prove a cash bonanza for Activision-Blizzard.








