Nordic countries pledge credit to support Latvia

- Politics, Business, Civil, History - Posted: 26th Oct, 2009 - 11:48pm

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Posts: 2 - Views: 592
Business - European Economy
Post Date: 23rd Dec, 2008 - 8:54pm / Post ID: #

Nordic countries pledge credit to support Latvia

Nordic countries pledge credit to support Latvia
(AP)

European Business News

AP - Denmark, Finland, Norway and Sweden will give credits to Latvia of up to euro1.8 billion ($2.5 billion), the finance ministers of the four countries said in a joint statement Tuesday. Source: Yahoo! News: Business - European Economy

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26th Oct, 2009 - 11:48pm / Post ID: #

Latvia support credit pledge countries Nordic

Yes of course Latvia got the credit. But I do not understand what was the point if the biggest part of it is in national bank and only a very small part of it is used to do something. It makes no sense because when you need a credit you use if for something like buying a TV or a computer.


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