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EU banking system infested by 'rats', Latvia says
By EUobserver
Latvia's banks will be "the cleanest" in Europe, Krisjanis Karins, the country's prime minister, told MEPs in Strasbourg Wednesday after Latvian lender ABLV collapsed last year in a money-laundering affair. "It's a little bit like fighting rats. I can make sure I get the rats out of my house and my house is clean, but what about my neighbours?", he added, referring to recent banking scandals in other EU states.