Wed, 3 Nov 2010: Rating agencies lose credibility…

Rules set by the Basel Committee on Banking Supervision forced banks to increase the capital they held against assets that were downgraded by ratings companies, leading to fire sales. Commitments ...

Thu, 24 Sep 2009: New Report casts doubt on IMF program…

The OECD recommends that "governments aim at balancing budgets over the complete business cycle, and that to maintain fiscal credibility, discretionary fiscal measures should be reserved mainly fo...

Thu, 18 Jun 2009: Lithuania issues 500 million euro bond…

This means we can finance the deficit." Senior economist at SEB Bankas Nerijus Udrenas said the money might not be enough. "This is a positive event and this will stabilize in the short term 's i...

Thu, 16 Oct 2008: Baltics defiant as Iceland’s economy freezes…

The government then shut down the stock exchange, triggering all trade in krona to cease due to foreign banks' refusal to accept the currency, even at bargain rates. Despite taking every measure ...

Wed, 18 Oct 2006: IMF urges Latvia to curb lending…

The IMF Executive Board advisesd Latvia to take measures to curb the lending rate, reduce fiscal incentives and ensure an environment where pay rises are tied to increased labor efficiency. The IM...
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