"The Latvian government is getting nervous about the level of lending coming from Swedish banks. According to the Financial Times, 'Latvia’s prime minister has warned Swedish banks they risk choking off recovery in the Baltic state’s crisis-hit economy unless they resume lending.' The Latvian authorities are complaining, it seems, that banks such as Swedbank (SWDBY.PK) and SEB, which dominate the Latvian market, have reined in credit as they struggle to contain rising bad loans amid the deepest recession in the European Union."
Tuesday, December 29, 2009
Latvia: Back in the News, With More to Come -- Seeking Alpha
Latvia: Back in the News, With More to Come -- Seeking Alpha:
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