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Latvia pushes back against the IMF and EU - by threatening to bail out their mortgage holders instead of European banks
Link: http://online.wsj.com/article/SB125487100049169169.html
Pressure is mounting on crisis-stricken Latvia after Sweden's finance minister said Tuesday he wanted to "send a clear signal" that the Baltic state won't get additional rescue-loan payments unless government spending is slashed further. Continuing his recent stern rhetoric, Swedish Finance Minister Anders Borg told reporters in Stockholm that many have worked hard to help Latvia deal with its severe economic recession but that patience is wearing thin.
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