WSJ / G. Fairclough
Both Hungary and Poland are acting to aid local borrowers as the Swiss franc continues it relentless rise.
Many homeowners in Hungary, Poland and Croatia got Swiss-franc loans because of lower interest rates than loans in their domestic currencies.
Now the franc's sharp rise...is biting them...and smothering consumer confidence.
Hungary's effort is more ambitious than Poland's...but may only kick the debt can down the road.
FOR details, examples of the Hungarian Plan:
http://www.reuters.com/article/2011/08/12/hungary-fxborrowing-idUSL6E7JC0GO20110812
Popular Posts
- KYRGYSTAN / CANADA : 3 MPs Arrested After Violent Gold Mine Protest.
- BRASIL / ITALY / GUATEMALA / USA / RUSSIA: 1 Dead, 7 Injured In Rio Fuel Tanks Fires/ Blasts; Ruby Heartstealer Admits Lying About Silvio's Sex Parties, Money; Ex-Prez Alfonso Portillo Extradited To USA For Money Laundering; Moscow Bans VKontakte By 'Mistake.'
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- MEXICO: Telenovela Star's Assistant Charged With 4 Counts Of Attempted Murder.
- BRASIL : Rio Drug Lord 'Nem' Captured.
- MEXICO: 2ND Update: 20 Tourists Kidnapped Near Acapulco Had NO Criminal Records.
- GERMANY/ EUROZONE: Negative Media Feeds Backlash Vs Euro.
- POLAND : Problems Plague Polish Shale Nat Gas Say Analysts.
- BRASIL: Documentary About Rio Garbage Dump... Up For Oscar.
- RUSSIA : Tax Officials Continue To Harass NGOs.