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 What do you know, it's not only big biz which seeks to socialize losses: Poles with Swiss-franc mortgages demand govt help

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What do you know, it's not only big biz which seeks to socialize losses: Poles with Swiss-franc mortgages demand govt help Vide
PostSubject: What do you know, it's not only big biz which seeks to socialize losses: Poles with Swiss-franc mortgages demand govt help   What do you know, it's not only big biz which seeks to socialize losses: Poles with Swiss-franc mortgages demand govt help Icon_minitimeSun Jan 25, 2015 9:58 pm
Poles take to the streets to demand govt help after their Swiss-franc mortgage payments soar

WARSAW, Poland (AP) -- Poles who have taken out mortgages in Swiss francs are protesting in a number of cities, demanding government help after the franc soared in recent weeks, making their monthly payments significantly higher.

It's a pressing issue in Poland, where there's more than 500,000 outstanding Swiss-franc loans in this nation of 38 million people. It threatens to become a serious problem for the government ahead of parliamentary elections later this year.

About 200 people gathered in front of the presidential palace in Warsaw on Saturday, and similar protests were also held in Krakow, Lodz, Gdansk and Wroclaw.

Many Poles took out such loans several years ago, lured by Swiss interest rates that were much lower than those on Polish zloty loans. After the financial crisis, the Swiss-franc loans were virtually banned.

What do you know, it's not only big biz which seeks to socialize losses: Poles with Swiss-franc mortgages demand govt help F298bd59e03f28036c0f6a70670087c6_original

https://au.finance.yahoo.com/news/poles-swiss-franc-mortgages-demand-162858580.html
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What do you know, it's not only big biz which seeks to socialize losses: Poles with Swiss-franc mortgages demand govt help

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