Don Curren 🇨🇦🇺🇦3d ago
1 Bloomberg: #Google patent #Alphabet has embarked on a four-month, nearly $60 billion #borrowing spree that ranks as one of the biggest-ever #corporate binges. To get the job done, it’s selling #debt in #euros, #pounds, #Swissfrancs and #dollars, both #American and #Canadian. Earlier this week … 🧵
MediaFaro MagazineFeb 19, 2025

‘The more we pay, the more we owe’: Swiss franc loans keeps Lithuanians in debt.

Several hundred Lithuanian households have been paying off an impossible debt in Swiss francs that kept going up instead of down because of the exchange rate. Decade-long litigation with the bank has yet to produce a solution, even though courts have ruled the terms were unfair.

https://mediafaro.org/article/20250219-the-more-we-pay-the-more-we-owe-swiss-franc-loans-keeps-lithuanians-in-debt?mf_channel=mastodon&action=forward

#Lithuania #Debt #SwissFrancs #Loans #Switzerland

‘The more we pay, the more we owe’: Swiss franc loans keep Lithuanians in debt

Several hundred Lithuanian households have been paying off an impossible debt in Swiss francs that kept going up instead of down because of the exchange rate. Decade-long litigation with the bank has yet to produce a solution, even though courts have ruled the terms were unfair.  

lrt.lt