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The pitfalls of forex-based mortgages

Thursday, September 5th, 2013

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 mortgage holders. READ MORE

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

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

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

IMF packs its trunk

Wednesday, July 31st, 2013

A pro-government columnist welcomes PM Orbán’s decision to repay the IMF loan as soon as possible. The main left-wing daily, however, warns of the undesirable consequences of getting rid of the IMF. 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

IMF leaves Hungary

Wednesday, July 17th, 2013

A left-wing commentator thinks it is unreasonable to replace a cheap loan with more expensive ones, therefore the government’s decision must be based on political calculations. A business news site suggests that getting rid of the IMF may prove politically profitable for the governing right wing. READ MORE

Hungary says good-bye to the IMF

Tuesday, July 16th, 2013

A pro-government commentator thinks the government will eventually opt to repay the country’s outstanding debt to the IMF ahead of schedule, as such a feat would strengthen its position in the electoral race. READ MORE

EDP exit seen as a step towards Orbán’s reelection

Monday, June 3rd, 2013

Commentators and political analysts ponder the prospects of the Hungarian economy and the chances of government projects as the country is likely to soon exit the EU excessive deficit procedure. READ MORE