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View Full Version : Baltic Currency-Peg Defense Cuts Reserves Amid Regional Slump - Bloomberg



NewsWhore
02-22-2009, 07:40 PM
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Baltic Currency-Peg Defense Cuts Reserves Amid Regional Slump (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601109%26sid%3DaW7Voe3QaHX8%26refer%3Dhome&cid=1307199647&ei=5PChSanoEoOqmQfg4szJDA&usg=AFQjCNEgptpksQYQSfGs8xoqjMi6-mzMsg)
Bloomberg
23 (Bloomberg) --- Latvia, Estonia and Lithuania, facing a prolonged recession, say they will protect their currency pegs whatever the cost. That strategy may be as crippling as the alternative, economists say. The three-nation Baltic region is in its ...


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