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Czech Republic balks at Latvian loan

Feb 10, 2010
From wire reports

RIGA - During a parliamentary debate concerning the Czech Republic’s loan commitment to Latvia, Czech Finance Minister Eduard Janota has expressed concerns as to whether the 200 million euros allocated to Latvia, as a loan, would ever be paid back, reports business daily Biznes&Baltija. The loan, which has a seven year term and a 4.814 percent interest rate, was to have arrived in Latvian state accounts in two 100 million euro installments last year and this year. However, although ...

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