Latvia nationalises Parex Bank

Article reports that the Latvian government is set to increase its stake in Parex Banka, the country’s second largest bank, to 84%, December 2008, in order to reassure depositors, creditors and the International Monetary Fund.

ESO: Background information: Latvia’s IMF talks stall over bank deal http://www.europeansources.info/record/latvias-imf-talks-stall-over-bank-deal/

ESO: Background information: Latvia takes over Parex after run on bank http://www.europeansources.info/record/latvia-takes-over-parex-after-run-on-bank/

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