Posts Tagged ‘latvia’

European Banks Facing Increasing Losses From The Baltics

Are the chickens finally coming home to roost for European banks? As Latvia, Lithuania and Estonia bleed to death trying to maintain their currency pegs, Sweden’s finance minister has warned his country’s banks that they will face partial or complete nationalization if they turn to the government for help. Many fear that this is just […]

Bad News Out Of Latvia And S&P On Bank Lending

Here are a couple of items that caught my attention this morning. Neither is particularly pleasant. The New York Times reports that the government of Latvia has collapsed. Latvia has been much in the news the last few months as its economic downward spiral has caused significant civil unrest. Many feel that the country is […]