Austrian banks and FX lending: tip-toeing authorities and households as carry traders (Part 1)
LONDON | June 1, 2015 | By Sigrún Davídsdóttir | Austria was one of the eleven founding members of the Eurozone in January 1999, but the Austrians never quite put their money where their mouth was: Austria is the only euro country where households flocked to take out foreign currency loans. About three quarters of these loans are coupled with repayment vehicles.
