Baltic pegs are ‘burning fuse’; 50% devaluation looms, RBS says

Archived Articles | 25 Mar 2009 | EWR OnlineEWR

Emma O’Brien

March 24 (Bloomberg) -- The Baltic currency pegs are a “slow-burning fuse” that will deepen the region’s economic crisis before eventually collapsing, with devaluations of as much as 50 percent, Royal Bank of Scotland Group Plc said.

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