Strong Swiss Franc Putting Pressure On Hungarian Homeowners

Though the Swiss are monitoring closely the value of the Swiss franc, some
Eastern Europeans might be checking the exchange rate with even greater
concern. Lured by low-interest rates on loans valued in francs, some
Hungarian businesses and local governments funded spending with the
foreign currency. But the stubborn strength of the franc against the euro
and dollar could bring sluggish times ahead, especially in Hungary. WRS’s
Tony Ganzer reports:

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