Yesterday our friends at Danske Bank issued a warning:
The event risk has risen sharply in the Baltic markets and we advise outmost caution. Yesterday, the Swedish central bank Riksbanken said it will increase its currency reserve by SEK 100 bn through a loan from the Swedish debt agency. Investors seem to believe that this is a buffer to deal with potential problems arising from the Baltic crisis.
Strange, we thought things were getting better in the Baltic.
Share prices of Swedish banks dived, however, yesterday and some are speaking of a devaluation of the Swedish Krone.
Whatever is gonna happen, the debt situation for the Baltic countries remains horrible.
The event risk has risen sharply in the Baltic markets and we advise outmost caution. Yesterday, the Swedish central bank Riksbanken said it will increase its currency reserve by SEK 100 bn through a loan from the Swedish debt agency. Investors seem to believe that this is a buffer to deal with potential problems arising from the Baltic crisis.
Strange, we thought things were getting better in the Baltic.
Share prices of Swedish banks dived, however, yesterday and some are speaking of a devaluation of the Swedish Krone.
Whatever is gonna happen, the debt situation for the Baltic countries remains horrible.
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