Devaluation of real estate funds could destabilize the Hungarian mortgage market
The flight of capital from real estate funds is expected to persist and accelerate. Banks’ eminent interest is to prevent the meltdown of the mortgage market.
View ArticleRomania-IMF Deal Struck
Romania and the IMF amended the loan deal to allow for a larger budget deficit. However, the intensifying campaign before the upcoming presidential elections can further delay stabilizing measures.
View ArticleThe New Bulgarian Government Prepares Cut Back
The new CEDB-led government still enjoys the confidence of 72% of the citizens, but the freshly announced cut backs to curb the budget deficit could erode that support fast.
View Article85% of UAE residents in deep debt
A survey has revealed over 85% of UAE residents have personal debts of over US $135,000 each.
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