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Eurozone fears prompt Swedish rate cut 
Sweden raises cost of borrowing again The Swedish banking group SEB has posted a sharply weaker-than-expected second-quarter operating profit.
It had to writedown the value of Eastern European assets, particularly in the Baltics, which accounts for thirteen percent of its loans and where the recession has hit hard. Operating earnings from April to June fell to 56 million euros from 319 million a year-ago.More about: Banking, SwedenCopyright © 2012 euronews
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