The Swiss franc will get them all

Well I live in a small Eastern European country. Long time a communist satelite of Russia it wok up to capitalism around 25 years going through many stages which left the people poor, uneducated, greedy and frustrated.

After joing the European Union there were a lot of foreign banks wanting to ... penetrate this virgin market. Best offers were advertised everywhere and you could have a bigger house than your neighbour or a faster car than your colleague by just signing up for a loan you'll return triple during your lifetime.

And one of the most catchy offers were the Swiss francs. Low interest, affordable conditions for loan, everything set to capture in a perfect net a horde of silly fish. Once a couple of tens of thoundsand bit the offer the interest started to raise, then commisions, then came the financial crysys in 2008 and they saw all their big houses and fast cars going on the drain. And the last straw that broke the camel's back was the recent decision of the Nazionale Banca Svizra (something like it) to let the exchange rate float freely.