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East Europe banks face pressure over Swiss franc loans

Governments, worried about political risks from the loans, are pushing lenders to provide costly relief for borrowers

Warsaw

WHEN the Swiss franc surged at the start of the year, there were dire predictions of a wave of debt defaults by the hundreds of thousands of borrowers in eastern Europe who had taken out mortgages in the currency.

Three months on, there is no evidence of a widespread

sentifi.com

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