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Hungary succumbs to lure of foreign loans

At a Nissan auto dealerin Budapest, a salesman offers two financing options to a young couple ogling a Nissan Micra.
Borrow Hungarian forints at 15 per cent interest and the 84 monthly payments will each cost Ft36,000 (€145, £97). However, borrow in Swiss francs, at 9 per cent, and the payments drop below Ft31,000.




19.10.2005

 
 

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