• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Latvia to take down Sweden

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    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?
    The proud owner of 125 Xeno Geek Points

    #2
    Brown will sort it out. I'm not worried.

    Comment


      #3
      Doomed

      Comment


        #4
        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

        Comment


          #5
          Haven't they been borrowing like crazy in a doomed attempt to keep LVL pegged against EUR, in something called ERM II. Sounds familiar...

          Comment


            #6
            Originally posted by DimPrawn View Post
            Brown will sort it out. I'm not worried.
            I wasn't worried, but I am now
            If you find this post offensive, please insert "Chan" before and "tho" after, then it should be OK.

            Sometimes I almost feel just like a human being - Elvis Costello

            Comment

            Working...
            X