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Sail
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Posted: Wed Jun 10th, 2009 08:49 pm |
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Sail
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Posted: Wed Jun 10th, 2009 08:51 pm |
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As Latvia fights speculation about default and painful currency devaluation, its neighbors are nervous that the tiny Baltic country's problems could spread well beyond its borders.
Besides the impact on Swedish banks, which are heavily exposed in the Baltic countries, analysts have warned Latvia's ills could see investors flee other European currencies and economies, sending exchange rates down and adding strain on already fraying state finances.
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