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View Full Version : Hungary's Simor to Meet Matolcsy on Swiss-Franc Loan Woes - Bloomberg



NewsWhore
09-05-2011, 02:10 PM
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Hungary&#39;s Simor to Meet Matolcsy on Swiss-Franc Loan Woes (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFFQEeQbCeOOAh71g7Co7YldG93IQ&url=http://www.bloomberg.com/news/2011-09-05/hungary-s-simor-to-meet-matolcsy-on-swiss-franc-loan-woes-1-.html)
Bloomberg
The forint has weakened 13 percent against the Swiss franc this quarter, hurting homeowners who borrowed in the Alpine currency because interest rates were lower. Sixty-four percent of Hungarian mortgages and 61 percent of local-council debt are ...

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