In the summer of 2007, the value of 1 EUR was 3.20 RON. The value of 1 Swiss Franc (CHF) was 2.10 RON at the schimb vis-a-vis my house. Last summer (2015), 1 EUR was 4.40 RON; 1 CHF was 4.25 RON. The effect of this change for me, earning a few CHF a month: the 2015-summer-holidays in Mamaia was …
Read More »
When something unexpected happens in financial markets that hurts ordinary people, as in the CHF/RON quotation, the ones who got the blame first, are often the ‘speculators’. Some unknown, but powerful forces in high rise buildings in New York or London making money to the cost of house buyers in Craiova or Bucharest?! If you believe that, then better stay …
Read More »
TheLeader Business, Economy, Stock Market, Management
