Sweden might nationalize banks
Swedish banks in trouble after lending more than $75 billion to Latvia, Lithuania and Estonia
Is the economic crisis ebbing, or is the worst yet to come? Yesterday, the Swedish government announced that it might have to nationalize its banks in order to cope with a spiralling financial crisis in the Baltic States. Swedish banks have lent more than $75 billion to Latvia, Lithuania and Estonia. And there are fears that the fiscal troubles in the former East Bloc states could touch off a domino effect throughout Europe.
Related Posts
Life
Debating the pros and cons of Daylight Saving Time
Ahead of the end of this year’s daylight saving on Nov. 7, Shannon Proudfoot breaks down the pros and cons of the increasingly unpopular practice
General
Maclean’s 2022 Student Survey Contest Rules
CONTEST RULES (the “Official Rules”) Maclean’s Student Survey 2022 Contest (the “Contest”) WHO ARE THE SPONSORS?...
General
Maclean’s Registration wall FAQ
You can read five Macleans.ca articles every 30 days. To read more, you must create an account or log in to an existing...
Get the Best of Maclean’s straight to your inbox.
Sign up for news, commentary and analysis. Join 60,000+ Canadian readers.