Friday, Oct 09, 2009
The Bills are Alive - Austria's Subprime
Economist: Foreign Currency Mortgages (Swiss francs)
THE alpine hamlets and valleys of Vorarlberg, Austria’s westernmost province, rarely attract much attention, even at home. Yet the region was the source of an idea for cheaper borrowing that has spread risk not just throughout Austria but into many of its neighbours, too—and is now complicating efforts by the European Union and the International Monetary Fund to rescue Latvia’s teetering economy....
Posted by alan @ 12:10 PM (243 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.