Hungary may not be Greece, but that’s both a blessing and a curse. While it doesn’t have some of Greece’s problems, for example it has a lower debt-to-GDP ratio, it has some problems which Greece doesn’t have. Mortgage loans are an example of this. It turns out that Hungarians have had a propensity for taking out mortgage loans denominated in Swiss francs.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio