Real estate market in Latvia dropdwon and rise

In fall of 2007 in August Latvia experienced economical crisis because of bubble in real estate market. By then loans had grew so big Latvian economics couldn't handle them and broke.

The fall was hurtful, but then followed the rise, as predicted.

So, what is the situation now in Latvia real estate market? Read further.

Whats wrong with dollar?

Is American dollar failing?

Federal Reserve is American privately owned banking system. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.

What happened in panic of 1907 year?
Panic occurred, as this was during a time of economic recession, and there were numerous runs on banks and trust companies. The Panic of 1907 was a financial crisis that occurred in the United States when the New York Stock Exchange fell almost 50% from its peak the previous year.

Federal Reserve is the one controlling USA dollar thus meaning almost entire worlds currencies.

Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression were major factors leading to changes in the system.

So it is a crisis, we put in force a private bank, then there is another crisis, yet greater then before, then we make some changes. And after all, comes this:

Latvia and Estonia agree on joint position on EU budget - review of news in Latvia

Latvia and Estonia agree on joint position on EU budget - (reviewed)

On November 09, 2012 Baltic Times wrote:

RIGA - At a meeting in Estonia yesterday, Latvian President Andris Berzins and Estonian President Toomas Hendrik Ilves were of the same opinion on all the key matters that dealt with the European Union's multiannual budget

What actually are these "matters"? And how Baltic States sees them self in European Union?