Latvian crisis affects Irish bonds

Latvia’s economic collapse is having repercussions far beyond its borders, writes Cliff Taylor

6th June, 2009

Fears about the financial situation in Latvia have led to renewed nerves on European financial markets, and the spread between debt prices of Germany and those of most peripheral countries - including Ireland - have widened again.

By last Friday, the interest rate on ten-year Irish government bonds were trading roughly two percentage points above their German equivalents, a rise of almost 0.2 per cent on their levels earlier in the week.

The Latvian crisis has...

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