2009-10-08nakedcapitalism.com

" When markets were more agitated than they are today, one source of background worry was the Baltics. The countries went on a debt binge, borrowing heavily from Swedish banks. And while the amounts at issue are hardly earth-shaking by credit crisis standards, there is always the possibility that unexpected knock-on effects could lead to more serious consequences than now appear likely. Not that the impact is not meaninful to parties immediately involved, namely Sweden and Lativia."



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