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Forex debtor rescue plans – the left-wing angle

Thursday, August 29th, 2013

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

A solution in sight for the Forex mortgage crisis

Wednesday, August 28th, 2013

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. READ MORE

Duel between secretary of state János Lázár and OTP Bank CEO Sándor Csányi

Friday, August 16th, 2013

Left-wing commentators wonder if the verbal confrontation between the Fidesz strongman and the most influential Hungarian businessman implies a deepening rift between Orbán and his former ally. READ MORE

National Bank to be involved in FX mortgage conversion?

Thursday, August 1st, 2013

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. READ MORE

Forint conversion of forex debts planned

Friday, July 26th, 2013

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. READ MORE

OTP CEO Sándor Csányi sells his shares

Wednesday, July 24th, 2013

A liberal commentator speculates that Csányi is under pressure because he has accumulated too much power for the Prime Minister’s liking. He believes Csányi’ share sales are a warning, and the fight is not over yet. READ MORE

Banks win loan court case

Tuesday, July 9th, 2013

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. READ MORE

Considerations on austerity and South European unrest

Saturday, November 17th, 2012

A right-wing columnist accuses the EU of mindlessly serving the interests of Western European banks by forcing economically paralyzing restrictions on highly indebted member states on the periphery of the continent. A left-wing pundit on the other hand sees no alternative to austerity and welfare cuts. READ MORE

The fear of a credit crunch

Wednesday, November 7th, 2012

A long-time right-wing critic of the government’s economic policy warns that prolonged banking taxes might result in a steep decline in economic output. READ MORE

Government taking over municipalities’ debt

Tuesday, October 30th, 2012

The leading leftist daily says a partial government bail-out was inevitable but the banks that funded Hungarian local governments are unlikely to recover all their money. READ MORE