We have 30 years fixed rates in Europe. And most people here would consider taking out a variable rate loan to be a stupid move. In fact, people in France are

We have 30 years fixed rates in Europe. And most people here would consider taking out a variable rate loan to be a stupid move. In fact, people in France are usually surprised and shocked whenever they learn of some random city nearby nearly going bankrupt because their local government thought themselves smart signing up for variable rate loans.