If there is still anybody out there, wondering how Austrian banks got into such a mess in Central Eastern Europe (CEE) by handing out loans for houses and cars to more or less everybody with a pulse; this Raiffeisen TV commercial from 2007 should explain it all.
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The Hungarian Private Debt Crisis Explained in 35 Seconds
Thursday, October 13, 2011
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Posted by
The Prudent Investor
on
10/13/2011 06:32:00 pm


Labels:
Austria,
banks,
credit,
crisis,
hungary,
raiffeisen,
real estate
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