The consequences of the global economic crisis seem ‘not’ to hit Nordic Europe.
After the European financial recovering plan was revealed, Finland, Sweden and Norway made clear this governmental aid would be unnecessary in their region. The Nordic banks have hardly been exposed to the US real estate market and they rely considerably more on depositors than others. According to the financial ministers of the mentioned countries capital injections are out of order, which doesn’t mean that no action will be taken but the needs of reconstruction are not as great.
Karen Van Obbergen
www.ft.com
1 opmerking:
Fine text, nicely coherent
Title not very clear
recovery plan
this governmental aid --> such government aid
finance ministers
the countries mentioned
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