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Hungarian adventures in CHF: Laszlo wasn’t alone drinking CHF-laced Kool Aid
In 2006 and 2007, more than 90% of new Hungarian mortgages were denominated in foreign currencies. Many foreign banks (KBC, Bayerische Landesbank, Erste Bank, Intesa Sanpaolo, Raiffeisen, Unicredit) were luring Hungarians with low interest rates. At the time, Hungarian mortgage rates were around 9%, while Euro-mortgages cost around 4.5%. But those cheapo Swissies were to…
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Greece: What I learned from a Vietnamese Rickshaw Driver
Traveling through Vietnam provided a few valuable lessons for life. You arrive, armed only with a copy of the Lonely Planet. Any map turns out to be pretty useless, as street names are frequently changed or the street layout completely altered (this is mid-1990’s). You are being inundated with offers from “cyclo-” (bicycle rickshaw) drivers.…
Month: May 2011
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