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Nordic countries pledge credit to support Latvia
(AP)
European Business News
AP - Denmark, Finland, Norway and Sweden will give credits to Latvia of up to euro1.8 billion ($2.5 billion), the finance ministers of the four countries said in a joint statement Tuesday. Source: Yahoo! News: Business - European Economy
Yes of course Latvia got the credit. But I do not understand what was the point if the biggest part of it is in national bank and only a very small part of it is used to do something. It makes no sense because when you need a credit you use if for something like buying a TV or a computer.
International Level: Politics 101 / Political Participation: 3 0.3%