Z jednej strony udzielają pożyczek na wyprowadzenie kraju z kryzysu, a z drugiej szwedzkie banki wyprowadzają znaczne kwoty ze swoich oddziałów na Łotwie.
Swedish banks, the Baltic region’s biggest lenders, may be compromising the success of Latvia’s bailout program by failing to roll over funding to their units in the country, a European Commission document shows.
“There is an indication that Swedish daughter banks may be repaying loans to their parent banks, creating significant euro outflows,” according to the confidential draft document obtained by Bloomberg News and dated June 14. “The successful implementation of the program may be compromised if euro liquidity is drained out of the country.”
Latvia needs Sweden’s banks in the Baltics to increase lending and help avert a deeper recession than the 18 percent contraction the government forecasts for this year. If banks have inadequate funds to lend, a 7.5 billion-euro ($10.4 billion) loan from a group led by the European Union, the International Monetary Fund and the Swedish government may prove insufficient to lift the economy out of recession.
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