Ex Pat Mamma

Wednesday, April 19, 2006

They can't take that away...

Yesterday, we paid off half our mortgage. The Kroner continues its descent and I am beginning to get nervous. This is a small country; there will be no rush to save it. Incredibly, the Prime Minister has been publicly talking down the currency and suggesting that it is a sign we ought to join the EU and the euro. I wonder where his savings are? So before our savings lose any more value, we have bunged them on the flat. The mortgage is index linked; the savings account not, so even if interest rates go up (and our mortgage has a guaranteed fixed rate of 5.1%), it is in our interest to keep the mortgage down. If the banks collapse, at least we have somewhere to live. Sooner or later, I'm going to have to send money to the UK to pay for our holiday but it bites so bad to send it right now. I keep hoping to wake up to a minor recovery, but every day it is worse.

Our holidays are looking more and more austere...


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