Category: Hungary

Better to be franc?

26 December, 2014 (10:00) | Bank regulation, Banking, Capital markets, Currency risk, Eurozone, Foreclosure, Housing, Hungary, Lending, Mortgages, Switzerland |

By: David A. Smith Long ago I figured out that, when it comes to currency risk, never lend in foreign currency and never borrow in foreign currency.  I would have thought this was obvious, but some of the world’s smartest bankers (the Swiss) managed to put themselves into just such a foolish position, as reported […]

Homeless and Hungary: Part 2, how hard to rise

8 May, 2012 (10:57) | Budapest, Ecosystem, Employment, Homelessness, Housing, Hungary, Innovations, Policy, Supportive housing |

[Continued from yesterday’s Part 1.]   By:David A. Smith   Yesterday’s post on the mushrooming of homelessness in Budapest, using a credulous National Public Radio (April 6, 2012) story and a slightly more detailed December, 2011 op-ed (in Georgia font), published in The Observers – France 24, introduced us to unemployed construction worker Zoltan Szarka, […]

Homeless and Hungary: Part 1, how easy to fall

7 May, 2012 (11:04) | Budapest, Ecosystem, Employment, Homelessness, Housing, Hungary, Innovations, Policy, Supportive housing |

By:David A. Smith   Homelessness is a condition, and vagrancy is a decision, a distinction that escaped National Public Radio (April 6, 2012), and the challenges can be seen better a December, 2011 op-ed (in Georgia font), published in The Observers – France 24, by homeless advocate Ballint Vojtonovszki:   Hungary’s new anti-vagrancy laws — […]