…85 percent of household lending was denominated in foreign currencies last year.
Here is the article, entitled "Swiss franc mortgages lose their appeal."
Hungary fact of the day
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Polish banking regulators have been warning for years about foreign currency lending. Two years ago they brought in regulations that forced banks to explain the risks that customers were running. It did not have much of an impact.[...]
There oughta be a law!
Oh, wait….
OK, a much TOUGHER law!
According to this journalist the US dollar is losing its appeal:
http://video.google.com/videoplay?docid=1954933468700958565
E.Barandiaran:
We have a really good way of telling if the dollar is losing or gaining appeal, and I think it has very little to do with what journalists think — though their thoughts may influence the actual measure in some small way.
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