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View Full Version : Hungary's 'Creditless' Recovery in Peril as Corporate Loans Drop - Bloomberg



NewsWhore
09-23-2011, 06:00 AM
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Hungary&#39;s &#39;Creditless&#39; Recovery in Peril as Corporate Loans Drop (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHAkERD7sDuNTlT_L-vf1WgZ2Wf1w&url=http://www.bloomberg.com/news/2011-09-23/hungary-s-creditless-recovery-in-peril-as-corporate-loans-drop.html)
Bloomberg
Parliament approved this week a law allowing foreign- currency mortgage holders to repay their loans at below-market exchange rates, forcing banks to swallow the losses. The repayments will “cause significant losses” at local banks, weakening their ...

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