Central Europeans Feel Crushed by Swiss Franc Loans

February 10, 2015 7:35 AM

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Elvis Constantin Cluci and his wife had planned a second child, their dreams set on a little brother for their 2 ½ year-old daughter. But due to a surge in the Swiss franc that caused the Romanian couple's mortgage payments to rise, not only is another child out of the question but they have had to send their daughter to live with grandparents 100 kilometers (60 miles) away.

Now they see her only once or twice a month. They simply cannot afford both day care and their mortgage on a small studio apartment in Bucharest. They can barely even scrape together the gas money to drive to see her.

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