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Swedish banker: Latvia missed the boat

Jun 18, 2008
From wire reports

RIGA - A former chief of Sweden’s central bank has said that Latvia’s leadership missed the opportunity to rein in inflation when it had the chance and that the country’s economy is headed for a harder fall than the one in Estonia. Bengt Dennis, speaking to the daily Diena in an interview, pointed out that inflation in Latvia – at nearly 18 percent the highest in the European Union – started to accelerate before the surge in global energy and food prices, indicating that much of the price pr ...


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