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Hungary’s government: Not paid in full | The Economist
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GloboTrends: International Business, Economics, Innovation and global trends. A wiki of Global issues and Trends in International Business, cultures, markets, finance, economics, international relations, politics and more...
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Dangers of foreign-currency borrowing laid bare in Hungary where “A majority of Hungarian mortgages are denominated in Swiss francs (see chart), most of them taken out when the forint was relatively strong. But the steady depreciation of the Hungarian currency over the past three years has left tens of thousands of homeowners struggling to meet their obligations.
