Estonia will not take Latvia's path

  • 2009-10-20
  • TBT staff and wire reports

TALLINN - Judging by the words of Estonian Prime-Minister Andrus Ansip, thegovernment is not going to take steps to decrease the leverage of thepeople, who have trouble paying a disbursement of the bank loan, like it was made in Latvia, assuch steps could only be taken at the expanse of other depositors 'spensioners, policemen, teachers.

Ansip believes, that if the loan was taken with a complete awarenessof the fact, that the person taking the loan is responsible forpaying the whole sum back, then everyone should abide the rules ofthe agreement they entered, despite the fact, that it might bedisadvantageous to the loaner.

The Prime-Minister also mentioned, that he thinks that it isinappropriate to deceive the investors, who will have to pay for thediseconomy with the money from their own deposits.