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Parliament to rewrite FX loan contracts


In their commentaries on the Constitutional Court’s verdict on forex loans, analysts from across the political spectrum agree that it is the government’s responsibility to help indebted families. It is, however, unclear how loans denominated in foreign currencies could be converted into Forint credits without severe economic consequences.

Ócsa FX debtors relief housing scheme rebranded


Népszabadság thinks the government should have known that the Ócsa project was doomed to failure from the very start and should not have taken the hasty decision of building a large compound in the middle of nowhere.

A right-wing take on FX mortgages


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

Left-wing weeklies fear an uphill campaign


Left-leaning weeklies think it will be extremely difficult for the Socialists and their allies to match the governing right wing. They accuse Fidesz of smart but unfair campaign methods.

The pitfalls of forex-based mortgages


A liberal analyst says the greatest problem Fidesz faces in the upcoming campaign is how to handle hundreds of thousands of voters with forex mortgages who can no longer be won over with expressions of sympathy and solidarity. A left-leaning commentator disagrees and foresees further verbal manoeuvring to appease angry ...

Forex debtor rescue plans – the left-wing angle


Figyelő fears that the rescue scheme may encourage debtors to default. Népszabadság warns that imposing excessive burdens on banks will harm recovery.

A solution in sight for the Forex mortgage crisis


Magyar Nemzet welcomes an initiative by the new management of the National Bank to alleviate the burden on families indebted in foreign currencies, which could help them cope better with their debts.

National Bank to be involved in FX mortgage conversion?


A conservative pundit warns against a selective conversion of loans denominated in foreign currencies. He proposes that the National Bank should step in and offer part of its foreign currency reserves to convert all FX household loans into Forint credits.

Forint conversion of forex debts planned


A pro-government analyst welcomes the announcement that mortgage based foreign currency loans will be converted into forints and the modalities of the project will be negotiated with the Hungarian Banking Association.

Banks win loan court case


A conservative blogger believes that creditors who demand radical state action and even the annulation of their mortgage loan contracts echo the public culture of the pre-1989 era.