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interest loans if they return to penny

Written by atgl Wednesday, 09 June 2010 18:36

Dear tsig if returning to penny successive devaluations, interest rate loan that will range; Interest at that time to be fixed or variable rate; interest has repaid the loan if the deposit is equivalent to a Greek bank; Thanks in protairon
This is a comment on " Balances with banks abroad "
Comments (1)
Loans and DR
1 Thursday, 10 June 2010 11:53
Ο Τσιγκούνης
In case of refund drachma devaluation and expected rise in interest rates. Fixed rates are always higher than variable rates. What type of loan interest depends on future developments, we can not anticipate. Is not that better to owe a loan in the event of bankruptcy of the country involving wage cuts, layoffs and general lack of money. Better, if possible, to repay the loan.
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