Is there ever an easy way to get money? Surely when you are a public official and have the local community's finances under your responsibility the chance for some 'easy money' should really raise the alarm.
Now one French town near the Mediterranean coast is feeling the effects of such 'easy money' as the mayor deals with complex loan arrangements that may have been sold as safe in the past, but which have come back to bite.
The Nasdaq news service looks at how a number of local councils across France got involved in financial swaps, enjoying lower interest payments early on and then what they believed would be steady rates pegged to the Swiss franc.
At their inception, the loans had appeal to both parties. Borrowers were guaranteed low initial interest payments, and they didn't expect the rates to rise to anywhere near where they ended up.
"At the time, it seemed like an easy way to get money," said Mr. Mouren, whose predecessor took out the loan pegged to the franc.