Latvia auction flop sparks fears of struggle to find debt buyers

A failed Latvian government debt auction on 3 June 2009 sent tremors across financial markets as investors feared that emerging nations round the world would struggle to find buyers for a huge wave of sovereign debt issuance.

BBC News, 5.6.09: Fears over Latvia currency remain http://news.bbc.co.uk/2/hi/business/8084684.stm

ESO: Background information: Latvia debt rating cut to ‘junk’ http://www.europeansources.info/record/latvia-debt-rating-cut-to-junk/

BBC News, 4.6.09: Latvia denies currency pressure http://news.bbc.co.uk/2/hi/business/8082430.stm

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