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A Baltic Union without Russia brings-up all kinds of problems.  They are already touchy about Kaliningrad and St. Petersburg and if there is anything a Baltic Union doesn't want is to up Russian paranoia.

Do you have the figures for Sweden, Finland, et. al., debt exposure to the southern Baltic countries at hand?


She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Thu Sep 1st, 2011 at 12:07:54 PM EST
[ Parent ]
I can't see why it should cause issues with Russia - all these countries are already in the EU, so a Baltic cooperation under the EU umbrella cannot reasonably be viewed as a provocation.

And no, my feeling about bank exposures is based on anecdata from ET coverage of the Estonian crisis and the role of major Swedish banks.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Sep 1st, 2011 at 04:16:17 PM EST
[ Parent ]
No figures, but it is well known that Swedish banks gambled large in the Baltics and Borg - minister of finance - has said something about the public not knowning how close we were to a banking crisis. I at least read that as an admission that Latvia is suffering under IMF rule to make sure Swedish banks do not collapse.

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by A swedish kind of death on Fri Sep 2nd, 2011 at 02:52:08 PM EST
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