PDA

View Full Version : Swedish Economy Will Suffer Latvia Effect as Banks Face Losses - Bloomberg



NewsWhore
06-16-2009, 07:50 PM
<img alt="" height="1" width="1">
Swedish Economy Will Suffer Latvia Effect as Banks Face Losses (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601102%26sid%3DazaQ8kGS9dtg&cid=0&ei=kTI4SpXWBNbykAXWvdmCCA&usg=AFQjCNFFO-PXQIac8D2G7QJ6_jGjLlgwnQ)
Bloomberg
“Banks will see a major rise in bad loans across the Baltic states as real wages fall and unemployment rises, whether currency devaluation is avoided or not,” said Aidan Manktelow, an analyst at the Economist Intelligence Unit. ...


More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601102%26sid%3DazaQ8kGS9dtg&cid=0&ei=kTI4SpXWBNbykAXWvdmCCA&usg=AFQjCNFFO-PXQIac8D2G7QJ6_jGjLlgwnQ)