WSJ: Rate Swings Sting Europe's Borrowers

“I just can’t believe it,” Mr. [Dezso] Kocs said, looking around at his current quarters, with empty cardboard boxes used as night stands. “I used to be a business owner. Now I’m a slave.”

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Posted in * Economics, Politics, * International News & Commentary, --Eastern Europe, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Economy, Europe, Hungary, Personal Finance, Switzerland, The Banking System/Sector