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Bad sign -hungry asking imf for bailout
gailey_2
Posts: 2,329 Forumite
Read on bbc site.
hungry asking imf for bailout.
They part of eu but not eurozone
oddly a lot of people in hungry have morgages on swiss franc different to their currency which is causing issues.
also think government made a right mess.
I know its some obscure country
but as we so interlinked wonder which countries bank have exposure to hungarian debt?
telegraph said greece as if greek banks not screwed enough.
Think austria also has some of their debt.
The article i read said could be problems with a few eastern european coiuntries.
all euro markets down yesterday.
Think they need a solution before trouble spreads as instead of too big to fail will be too much to save!
Hope france has not
hungry asking imf for bailout.
They part of eu but not eurozone
oddly a lot of people in hungry have morgages on swiss franc different to their currency which is causing issues.
also think government made a right mess.
I know its some obscure country
but as we so interlinked wonder which countries bank have exposure to hungarian debt?
telegraph said greece as if greek banks not screwed enough.
Think austria also has some of their debt.
The article i read said could be problems with a few eastern european coiuntries.
all euro markets down yesterday.
Think they need a solution before trouble spreads as instead of too big to fail will be too much to save!
Hope france has not
pad by xmas2010 £14,636.65/£20,000::beer:
Pay off as much as I can 2011 £15008.02/£15,000:j
new grocery challenge £200/£250 feb
KEEP CALM AND CARRY ON:D,Onwards and upward2013:)
Pay off as much as I can 2011 £15008.02/£15,000:j
new grocery challenge £200/£250 feb
KEEP CALM AND CARRY ON:D,Onwards and upward2013:)
0
Comments
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You should add a poll "Do you know where Hungary is?"
I couldn't pick it out on a map.0 -
yes its quite obscure I guess. surprised wasent on tv news as they seem to love covering the eurozone crisis.
guess it worried me as troubles speread to no eurozone country but within the eu.pad by xmas2010 £14,636.65/£20,000::beer:
Pay off as much as I can 2011 £15008.02/£15,000:j
new grocery challenge £200/£250 feb
KEEP CALM AND CARRY ON:D,Onwards and upward2013:)0 -
but as we so interlinked wonder which countries bank have exposure to hungarian debt?
Hungary already defaulted a few months ago, re-denominating debt to their currency. So I think most of the fall out has already happened.
( Most people were watching Greece's kamikaze dive into destruction to notice ).
Most of eastern europe is completely screwed already: to all extents and purposes their banking systems collapsed right at the start of the lehmen crises.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
I guess we think we immune to it?
wonder how much debt uk banks are exposed to with eastern european countries?
It seems few european banks are.
if so many countries default that that will hit even healthy countries if their banks are screwed france being one of them, in danger losing their AAA credit rating.
greece and spain seem to be main focus right now.
all gone quiet on greece have they ratified and received next bailout money?
thourght they would run out of money by end of month.
Think greek banks the most healvily invested in hungry anyway makes it worse.
seems like neverending bad news.pad by xmas2010 £14,636.65/£20,000::beer:
Pay off as much as I can 2011 £15008.02/£15,000:j
new grocery challenge £200/£250 feb
KEEP CALM AND CARRY ON:D,Onwards and upward2013:)0 -
Posts: 1,408
Thanked 11,870 Times in 1,080 Posts
Did you post winning Lotto numbers or something?0 -
Posts: 1,408
Thanked 11,870 Times in 1,080 Posts
Did you post winning Lotto numbers or something?
:rotfl: thanks never noticed that? how weird!
No lotto numbers posted no.
But been on mse for quite a few years now.pad by xmas2010 £14,636.65/£20,000::beer:
Pay off as much as I can 2011 £15008.02/£15,000:j
new grocery challenge £200/£250 feb
KEEP CALM AND CARRY ON:D,Onwards and upward2013:)0 -
PasturesNew wrote: »You should add a poll "Do you know where Hungary is?"
I couldn't pick it out on a map.
I think you need some expert consultancy from Miss Carolina
http://youtu.be/lj3iNxZ8Dww0 -
That plan to give people mortgages in Swiss Francs didn't work out too well.0
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That plan to give people mortgages in Swiss Francs didn't work out too well.
Im sort of baffled why different currency?
dont know anyone in uk witb euro/dollar mortgage
surly the exchange rate would always be a problem.
Thank goodness they not in the eurozone!
wonder if switzerland has benefited or done worse because of this?pad by xmas2010 £14,636.65/£20,000::beer:
Pay off as much as I can 2011 £15008.02/£15,000:j
new grocery challenge £200/£250 feb
KEEP CALM AND CARRY ON:D,Onwards and upward2013:)0
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