Sweden will not abandon the Baltic States

March 13, 2009 at 10:44 pm Leave a comment

For Sweden, tiny Latvia, Lithuania and Estonia are too big to fail, the IHT claims.

“There is a strong feeling from our side that we have a political responsibility to do whatever we can to help them,” Anders Borg, the Swedish finance minister, said during an interview. “They are new democracies; they are part of our economic region.”

“We have declared to our banks that they are supposed to behave responsibly — to perceive these Baltic countries as their home market,” Borg said. “We have set up no hindrances, no regulations, no demands that prevents them from using the capital that we are providing to stabilize their subsidiaries and branches in the Baltic countries.”

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Entry filed under: Baltic States, Economics, Estonia, Finland, Latvia, Lithuania, Northern Europe, Scandinavia, Sweden.

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