Latvia: state budget funds not to be used to compensate PNB Bank’s clients
The Deposit Guarantee Fund is sufficient to pay compensations to affected PNB Bank clients. This means not a cent from Latvia’s state budget will be used, said Latvia’s Finance Minister Janis Reirs. Reirs stressed that Latvia’s deposit guarantee system was secure and it was commendable that 99.2% of PNB Bank’s depositors would be able to…