mattux

Baltic Nations Moving Closer to a Correction?

Great article, thx for overview.
I found it shoking that Swedbank has such a huge exposure in Baltics trough Hansa (30billions??). What about SEB then? Do they face massive write-downs too in case of devaluation?
After all, there are a big uncertainty in Baltics about the future. Personaly, I would find extremely surprising currencies to be de-peged, or even devaluated - it requires the hole government mechanism to be shacken trough enourmous bureaucracy. Even though hyper inflation is on spree, chances for devaluation remains misserable.