Latvia to take down Sweden

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Chantho replied

8 October 2009, 09:13
Originally posted by DimPrawn View Post

Brown will sort it out. I'm not worried.

I wasn't worried, but I am now
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Scary replied

8 October 2009, 08:37
Haven't they been borrowing like crazy in a doomed attempt to keep LVL pegged against EUR, in something called ERM II. Sounds familiar...
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mace replied

8 October 2009, 08:22
Originally posted by chef View Post

http://www.guardian.co.uk/business/2...-mortgage-debt

not sure if this was mentioned yesterday, but, Latvia seems to be in a lot of trouble. Could they take Swedish banks down with them seeings as Sweden owns/backs 80% of Latvian banks?

If so, what knock on effects would that have?

Great, no more trips to Ikea
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Andy2 replied

8 October 2009, 08:20
Doomed
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DimPrawn replied

8 October 2009, 08:19
Brown will sort it out. I'm not worried.
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chef started a topic Latvia to take down Sweden

8 October 2009, 07:18
Latvia to take down Sweden

http://www.guardian.co.uk/business/2...-mortgage-debt

not sure if this was mentioned yesterday, but, Latvia seems to be in a lot of trouble. Could they take Swedish banks down with them seeings as Sweden owns/backs 80% of Latvian banks?

If so, what knock on effects would that have?
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