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Stumbling to stability - Financial Times
Palace politics: Nicolas Sarkozy (left) and Gordon Brown discuss Europe’s response to the financial crisis last month at the Elysée in Paris For the European Union, the hour of truth in the financial crisis struck on the morning of September 30 in ...

Foreign-currency mortgages stress E. Europeans - Forbes
Zsolt Kerecsen, a 34-year-old software developer with three kids and a mortgage, is no high roller. But like thousands of other middle-class Hungarians he gambled by borrowing to buy a home in Swiss francs. He's now paying a rising price as Hungary's ...

Business events scheduled for the coming week - Forbes
WASHINGTON - Weekly Treasury auction; Weekly Treasury briefing; Commerce Department releases existing home sales for September, 10 a.m. ST. LOUIS - Arch Coal Inc. reports third-quarter financial results. LOUISVILLE, Ky. - Humana Inc. reports third ...

Foreign-currency mortgages push up payments for E. European homeowners - Minneapolis Star Tribune
BUDAPEST, Hungary - Zsolt Kerecsen, a 34-year-old software developer with three kids and a mortgage, is no high roller. But like thousands of other middle-class Hungarians he gambled by borrowing to buy a home in Swiss francs. He's now paying a ...

Swiss franc mortgages lose their appeal - Financial Times
For the past few years, taking a mortgage denominated in Swiss francs was a one-way bet for central Europeans. The interest rate was much lower than they could get in their native currency, and their mortgages shrank as zlotys and forints steadily ...

New EU members spared worst of crisis - Financial Times
The worst effects of the global financial crisis have so far spared the European Union’s new members in central Europe, but investors are so worried that even a hint of bad news sets off a panic. It happened in Budapest late on Thursday when OTP ...

'Dreadful' public borrowing figures cast doubt on Darling spending ... - Times Online
A "dreadful" set of figures showing government borrowing running at record levels has called into question Alistair Darling's ability to spend his way out of the looming recession. As the Tories attacked the Chancellor's plans to pour billions into ...

Europe's leaders follow Brown plan to head off financial meltdown - Times Online
France and Germany agreed a British-style plan last night to head off financial meltdown by spending billions of euros to guarantee loans and the survival of leading banks. After a briefing from Gordon Brown in the Élysée Palace, President Sark ...

A harder time finding home loans - Buffalo News
It’s going to be more difficult and expensive to get a mortgage, as consumers in Western New York and nationwide have to jump through added hoops or pay a little more in interest or fees, local bankers and mortgage brokers said. Lenders say ...

Darling details £50 billion bank bailout plan - Times Online
Chancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...