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Romania

World news about “Romania” published by euronews.

10/02 16:18 CET

Property dream turns to nightmare for Eastern Europeans with Swiss franc loans

Property dream turns to nightmare for Eastern Europeans with Swiss franc loans

An epidemic of ruinously high mortgage payments and negative equity is afflicting Central and Eastern Europe. People who bought into the dream of owning property in former communist states such as Romania are finding the price is now too high. To get lower interest rates…