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Hungary to introduce family bankruptcy

Saturday, May 23rd, 2015

As Christian Democrat MPs table a new bill on family insolvency, a liberal columnist fears that even this scheme will not bail out families in extreme need. A conservative commentator on the other hand believes that the government is offering effective help for all different types of debtors, to save them from eviction and the loss of their property. READ MORE

Hungary buys stake in ERSTE, pledges bank tax cut

Thursday, February 12th, 2015

Conservative pundits welcome the government’s decision to temporarily invest in ERSTE Bank Hungary and pledge to take out the surplus bank tax. This, they believe, will help consolidate the banking sector and boost lending. A left-wing commentator doubts that the government will fulfil its promises. READ MORE

FX loan settlement scheme announced

Wednesday, November 12th, 2014

Commentators welcome the government’s decision to convert FX mortgages into Forint loans at market rates. READ MORE

PM calls for ’fair banks’

Monday, July 7th, 2014

As Parliament passes the law on foreign currency loans and PM Orbán announces a new era of ’fair banks’, the leading left-wing daily calls for an era of fair politics. A conservative columnist on the other hand, welcomes the idea of a more regulated financial system that would be more in line with national interests. READ MORE

Banks report modest profit

Saturday, March 1st, 2014

As two-thirds of banks in Hungary report a profit in 2013 after two years of losses, a conservative columnist points out that contrary to the predictions of left-wing critics of the government, taxes levied on banks have not undermined their profitability. The leading left-wing daily, on the other hand, warns of the low volume of lending. READ MORE

Central Banker Matolcsy on FX loans and banks

Tuesday, December 24th, 2013

The leading left-wing daily accuses National Bank chief Matolcsy of compromising judicial independence and the rule of law by calling for retroactive legislation in order to abolish FX loans. A pro-government commentator welcomes the government’s efforts to strengthen Hungarian owned banks. READ MORE

A right-wing take on FX mortgages

Friday, November 15th, 2013

A conservative economist contends that forex mortgages endanger European financial stability and calls for EU action to ease the burden on debtors. READ MORE

MNB extends cheap loan programme

Monday, September 16th, 2013

Analysts across the political spectrum ponder the possible implications of the National Bank’s extended lending program, which aims to stimulate economic growth. READ MORE

Inflation at 39 year low

Friday, September 13th, 2013

The leading left-wing daily contends that despite the record low overall inflation rate, Hungarian families have to spend more on basic goods. A pro-government columnist, on the other hand, believes the low inflation rate proves that the government is on the right path. READ MORE

Euro over 300 HUF

Saturday, August 3rd, 2013

Commentators across the political spectrum ponder the possible impact of the IMF loan repayment and the conversion of foreign currency-based mortgages into Forint credit. READ MORE