The Latvian mess
I have posted on how Latvia runs a massive current account deficit - which is unsustainable and unable to be repaid.
It is funded on Swedbank's tab - and as a result I believe Swedbank is near insolvent.
Anyway - lets just put the current account deficit figures for Latvia up on public display. I got these from Swedbank's own second quarter factsheet.
Over the forcast period Latvia looks to be borrowing nearly a year's GDP! That is in a country which is clearly in some economic difficulty right now!
These current account deficit figures (which are insanely large) come from Swedbank itself.
And Swedbank funds it.
Good luck.
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PS. To all the new readers - welcome.