ASSESSMENTS
Latvia: Effects of a Failed Bond Auction
Jun 4, 2009 | 18:05 GMT
MARKKU ULANDER/AFP/Getty Images
Summary
Speculation that the Latvian government could no longer support its peg to the euro caused investors to shun bond auctions on June 3 and 4, which foreshadows a more serious European-wide problem, with budget deficits ballooning across the Continent. And for countries like Latvia, it may be time for another round of lending by the International Monetary Fund.
Proceed to sign up
Register NowAlready have an account?
Sign In