EU eyes foreign currency loan penalties

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Series Title
Series Details 4.9.09
Publication Date 04/09/2009
Content Type

Article reports that the European Commission has warned September 2009 that penal measures are being threatened as it tries to crack down on foreign currency-denominated mortgages, which have caused serious problems in eastern Europe and even raised fears about the stability of the banking system in some countries.
Related Links
Wikipedia: Foreign currency mortgage http://en.wikipedia.org/wiki/Foreign_currency_mortgage
European Commission: DG Internal Market and Services: Mortgage credit http://ec.europa.eu/internal_market/finservices-retail/home-loans/index_en.htm
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