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View Full Version : Baltic Pegs Are ‘Burning Fuse’; 50% Devaluation Looms, RBS Says - Bloomberg



NewsWhore
03-24-2009, 10:00 AM
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Baltic Pegs Are ‘Burning Fuse’; 50% Devaluation Looms, RBS Says (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DahFgWOIkd3es%26refer%3Dhome&cid=1319193220&ei=gejISb6yMqSmQaWbiOkN&usg=AFQjCNErORKp6mpw5xweOAphj3kD9xBSYg)
Bloomberg
By Emma O’Brien March 24 (Bloomberg) -- The Baltic currency pegs are a “slow-burning fuse” that will deepen the region’s economic crisis before eventually collapsing, with devaluations of as much as 50 percent, Royal Bank of Scotland Group Plc said. ...


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