Latvian Banks in Hot Water: Former Finance Minister Calls Them Out

So, the big news is that the main banks in Latvia are causing a bit of a stir. It seems like they’re teaming up and acting like a cartel, according to former Finance Minister Reirs. He’s not too happy about it and he’s calling them out on it. The banks are not too pleased with some new rules that are being proposed. These rules would help out people with mortgages, but the banks are saying it’s not fair. They think it’s going to make things harder for them and for people who want to borrow money. They’re even threatening to take legal action! It’s all getting a bit heated, with the banks saying they’re being asked to do the government’s job. The whole thing is causing a lot of debate and it’s going to be discussed in the Saeima today. Let’s see how it all plays out!