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’…And Justice for All (in emerging Europe)
CEE Banker: If everybody agrees I’m innocent, how come I’m going BACK to the market jailhouse? The ECB is guilty of failing to shore-up monetary conditions in the CEE!
European policy-maker: You are out of order! We have provided a liquidity backstop for eurozone banks that operate in the region!
CEE :
Greek lessons from John Major, Latvia and Ireland
So, bondholders (if they “agree”) will give Greece more of a fighting chance to tackle its debt burden. But Greece will also have to pull its own weight.
Without its own currency, what is the best course of action? John Major,
SEB-performing
That’s the share price of Sweden’s SEB — one of the Nordic region’s largest banks. About 11 per cent of SEB’s loans also happen to be to the Baltic region.
The bank reported fourth-quarter results on Wednesday which,
Latvia’s not for turning
The governor of the Bank of Latvia, Ilmars Rimsevics, took a heroic stand on CNBC Wednesday morning, rubbishing all talk of potential devaluation and accusing anyone of having suggested as much of being hugely misguided on the subject of Latvia,
Swedbank sweats
Things may be getting better around the world, but as can be seen in Swedish lender Swedbank’s results, loan impairments originating from the Baltic region are still growing meteorically:
Indeed,
A Baltic quagmire, continued
Voices advocating a devaluation in Latvia appear to be growing by the minute. Equally so is the chorus comparing the recent spate of affairs to a major crossing of the Rubicon for the country.
Here,