Nordea Estonia CEO: The destiny of Iceland not to threat Baltic countries

Nordea Estonia CEO: The destiny of Iceland not to threat Baltic countries Vahur Kraft, CEO of Nordea Estonia and former Estonian central bank governor backs claims that Baltic economies are threatened by same destiny that Iceland has, writes postimees.ee. In Finnish business newspaper Taloussanamat Nordea’s economist Anssi Rantala predicted serious problems for Baltic countries in case they lose their trust in foreign investors’ eyes. The article writes that the economies of Baltic countries, which had its boom with help of cheap foreign debt finances, is walking on a knife-edge and may fall to its knees like Iceland’s economy. Kraft affirmed that he knows Rantala well and spoke to him after the article was published. “Certainly Rantala hasn’t said that thing, perhaps Finnish journalists have wanted to... [read full story]