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Sovereigh Debt Crisis hits EEC Country

tirano
tirano Posts: 111 Forumite
in Debate House Prices & the Economy
Latvia has become the first EU country to face a sovereign debt crisis after failing to sell a single bill at a $100m (£61m) treasury auction, prompting fears of a fresh storm in Eastern Europe as capital flight tests currency pegs.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5438615/Latvian-debt-crisis-shakes-Eastern-Europe.html

Comments

  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Its amazing really. The things I thought would happen quickly have happened so slowly its painful, but the things I thought would be slow processes steamed ahead over the last year.
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    Two post in a row that have a problem with the letter "N" in the title...


    Ummmmmmmmmmmmmmmm
    Not Again
  • purch
    purch Posts: 9,865 Forumite
    Latvia shouldn't even be a country :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
This discussion has been closed.
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