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Scrapping the Franc Cap - Heavy Losses for Polish Borrowers

January 27, 2015

The Swiss National Bank surprised even insiders when it scrapped the cap designed to prevent its currency from rising too high against the euro. That decision sent financial markets into turmoil and the Swiss franc soared. But it's also bad news for many Poles. They have taken out loans worth 34 billion Swiss francs.

https://p.dw.com/p/1ERqn