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Text size [+][-]  Friday March 19 2010GLOBAL EDITION

Considered view
15 Oct 2009 16:21

It takes two to tango

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Swedish banks are aghast at Latvia’s proposals to limit mortgage repayments to current property values. But the scheme could make devaluation more acceptable to Latvians. And a devaluation-cap combination has a rough justice. Everyone was foolish and everyone will suffer.

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More stories by:  Constantine Courcoulas






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