The Swiss made loans all over central and Eastern Europe. They were denominated in francs, not euros. Their payments just effectively went up 25%. Can you say FORECLOSURE ? The world depression has started in Europe again.
rno
Will there be some sort of toll for passage of ships through the Strait of Hormuz collected by Iran and Oman in the final peace deal?
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The Swiss made loans all over central and Eastern Europe. They were denominated in francs, not euros. Their payments just effectively went up 25%. Can you say FORECLOSURE ? The world depression has started in Europe again.
rno
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