Clive Corcoran

Nobody Wants to Buy Latvian T-Bills

The Polish government are expressing concerns about spillover effects from the Latvian crisis

"There is a threat that the situation in Latvia may spill over into the region," Dariusz Filar, a member of the Polish central bank's Monetary Policy Council, told reporters on the sidelines of an economic conference in Warsaw. "This situation is a challenge that requires a reaction on a broader scale than just Latvian, there is a need for more international assistance."