Is this the sign of things to come. Western governments will borrow over $10tril. in 2011 with the number expected to be higher in 2012.
"Latvia's largest bank is scrambling to contain a run among depositors gripped by fears of the bank's imminent collapse.
The panic among Swedish-owned Swedbank's depositors began Sunday after rumors spread that the financial institution was facing legal and liquidity problems in Estonia and Sweden.
Swedbank's Latvian chief Maris Mancinskis on Monday called the rumors "absurd." He said the bank is functioning normally and all depositors will have access to their funds via bank machines.
Mancinskis said some 10,000 Latvians withdrew over 10 million lats ($20 million) on Sunday."
"Latvia's largest bank is scrambling to contain a run among depositors gripped by fears of the bank's imminent collapse.
The panic among Swedish-owned Swedbank's depositors began Sunday after rumors spread that the financial institution was facing legal and liquidity problems in Estonia and Sweden.
Swedbank's Latvian chief Maris Mancinskis on Monday called the rumors "absurd." He said the bank is functioning normally and all depositors will have access to their funds via bank machines.
Mancinskis said some 10,000 Latvians withdrew over 10 million lats ($20 million) on Sunday."
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