Ukraine,nästa island
Ukraine emerged yesterday as the winner of the title "the next Iceland", with the International Monetary Fund offering the former Soviet republic up to $14bn (£8bn) to shore up its financial system. An IMF delegation landed in the country on Wednesday to try to stabilise the country's battered banking sector and ailing currency, hit hard by the global financial crisis. The central bank was forced to impose restrictions on deposit withdrawals and lending after panicked savers rushed to empty their accounts, draining the banking system of more than $1.3bn. The authorities also had to rescue two key banks and battle a sharp fall in the currency as the stock market plunged.
Ukraine emerged as the biggest crisis after Hungary agreed to borrow up to ?5bn from the European Central Bank. Capital Economics warned that there were risks for a swathe of emerging European economies in the Baltics and the Balkans, including Lithuania and Latvia.
Their problem is that they have been living beyond their means by borrowing to finance increases in their standard of living.
"Markets are never wrong - opinions often are"
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"Markets are never wrong - opinions often are"
#2
Säkert många som gillar den.....men man hinner inte läsa allt nu! eller trycka bra inlägg!
Nja kan inte bero på att AG är så fullt av bra läsning iallafall. Riktig skribent torka tycker jag. Eller är jag heltenkelt inte med i rätt grupper ;o)
"Markets are never wrong - opinions often are"
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Ogilla! 7
Gilla!
Det nämns också att balticum ligger inte långt efter. Detta kan få effekter på svenka banksystemet som ju är tungt investerat där.
"Markets are never wrong - opinions often are"