Baltic Currency-Peg Defense Cuts Reserves Amid Slump (Update1)

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Baltic Currency-Peg Defense Cuts Reserves Amid Slump (Update1)

Posted by alfanhendro 557 days ago (http://www.bloomberg.com)

Feb. 23 (Bloomberg) --- Latvia, Estonia and Lithuania, facing a prolonged recession, say they will protect their currency pegs whatever the cost. That strategy may be as crippling as the alternative, economists say.

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Baltic Currency-Peg Defense Cuts Reserves Amid Slump (Update1)

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