Posts Tagged ‘Interbank’

Three Reasons I’m VERY Concerned About Russia

Readers of Risk Watchdog will know of my long-held bearish outlook on Russia and I thought I’d take the opportunity to reassert my position seeing as Business Monitor International just revised down its 2009 Russian economic growth forecast to -4.0% (yes, that’s a minus sign). Without going into a 1,500 word expose on all things… [Read more]

Another One Bites The Dust: Latvia

Latvia is the newest victim of the credit crunch. This is not official. No formal application has been made for an IMF bail-out package, nor has it made the front pages of any major newspaper of record on the continent. That said, with the economy contracting by 4.2% in the third quarter (down from 10.1%… [Read more]


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