Where is that Lithaunian?

[Dinner]

I for one would like to hear from Saras about this.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3412087/Latvia-mulling-IMF-loan-as-crisis-sweeps-Nordic-region.html

[SlowwHand]

I know I'm on pins and needles.

[Solver]

Oerdin's knowledge of geography

[onodera]

It says Parex had been partially nationalised there. Maybe it will stop laundering money on an industrial scale now?
Btw, there's a branch of Parex here in Munich.

[Chemical Ollie]

****, SEB is the bank where I have my house loans. It did OK in the last quarter, though. But I don't want my bank to make too much money, just enough to barely keep it's nose above water.

[Dinner]

Originally posted by Solver
Oerdin's knowledge of geography

I figure the baltic states are small enough that any old balt will do.

[Solver]

Maybe if Lithuanian banks collapse as well

[Dinner]

No **** balt boy. I know where all three are but since Saras works in the financial sector and you baltic states are tiny as can be I figure his info will do just fine. I'll call you when I want to know about geeky forum software.

[Solver]

Surely you must have heard that you can never rely on info coming from a Lithuanian?

[Dinner]

Fine, since the Lithuanian isn't here I'll give the Latvian a chance. Tell us what's going on.

[Solver]

Ask the Lithuanian

Seriously, though, the article sums the situation up fine. The economy here hasn't been great last year and this year but recently it seemed like it was recovering. Dropping inflation rate, talk about the serious threat of a crisis due to devaluation passed and all that, but then the big crisis hit. Last month Hansabanka was taken over by the Swedes and became Swedbank amongst rumours of financial trouble there and now the nationalization of Parex came as a big surprise. I can confirm people actively withdrawing their money. Liquidity numbers for banks have dropped, though they're still within acceptable range for other banks. Inflation is still easily the highest in the EU.

Next Tuesday is the country's 90th anniversary, so there are preparations for celebrations all over the place now, which is kinda weird since the news are quite pessimistic these days.

[Saras]

Originally posted by Solver
Ask the Lithuanian

Seriously, though, the article sums the situation up fine. The economy here hasn't been great last year and this year but recently it seemed like it was recovering. Dropping inflation rate, talk about the serious threat of a crisis due to devaluation passed and all that, but then the big crisis hit. Last month Hansabanka was taken over by the Swedes and became Swedbank amongst rumours of financial trouble there and now the nationalization of Parex came as a big surprise. I can confirm people actively withdrawing their money. Liquidity numbers for banks have dropped, though they're still within acceptable range for other banks. Inflation is still easily the highest in the EU.

Next Tuesday is the country's 90th anniversary, so there are preparations for celebrations all over the place now, which is kinda weird since the news are quite pessimistic these days.

Hansa was taken over by Swedbank in 1999 genius, they just did away with Hansabank brand this year, and replaced it with that horrid Swedbank name.

re: OP - Latvia is fvked up now. We're next, I guess, unless the financial sector and the economy improve now. Which they won't.

[Dinner]

Originally posted by Solver
Ask the Lithuanian

Seriously, though, the article sums the situation up fine. The economy here hasn't been great last year and this year but recently it seemed like it was recovering. Dropping inflation rate, talk about the serious threat of a crisis due to devaluation passed and all that, but then the big crisis hit. Last month Hansabanka was taken over by the Swedes and became Swedbank amongst rumours of financial trouble there and now the nationalization of Parex came as a big surprise. I can confirm people actively withdrawing their money. Liquidity numbers for banks have dropped, though they're still within acceptable range for other banks. Inflation is still easily the highest in the EU.

Next Tuesday is the country's 90th anniversary, so there are preparations for celebrations all over the place now, which is kinda weird since the news are quite pessimistic these days.

90th anniversary? So you're just ignoring the half century plus of Soviet rule? Typical!

[onodera]

Originally posted by Oerdin


90th anniversary? So you're just ignoring the half century plus of Soviet rule? Typical!

They're not. Until 1918 they were a part of Russia, and after that they enjoyed a brief period of independence. Then we came back and restored the order.

[Solver]

Yeah, if we count actual independence, that's 1918-1940 and then from 1991 on. Gotta tell the Soviets to shove it all up their exhausts