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’Hungarian cure’ defended

Saturday, January 31st, 2015

A right-wing commentator takes up the defences of Hungary’s therapy for its forex mortgage hangover in the face of criticism by the Financial Times, which warned other countries of the region against copying the ‘Hungarian cure’. READ MORE

Unorthodox Hungarian policies suddenly applauded?

Friday, January 23rd, 2015

A leading pro-government journalist quotes international comments in praise of PM Orbán, for deciding to convert mortgages denominated in foreign currencies before the surge of the Swiss Franc. The move helped hundreds of thousands of households avert catastrophic losses. 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

Magyar Nemzet demands better lawyers in FX loan trials

Friday, August 29th, 2014
In a second criticism of the Ministry of National Development within four weeks, the number one pro-government daily suggests that the state is being represented by incompetent but expensive lawyers in lawsuits filed by banks in order to prove that their forex loan contracts have been fair and transparent. READ MORE

Foreign currency (FX) loans to be eliminated

Wednesday, July 2nd, 2014

As the government promises to convert FX loans into Forint credit by the end of the year, analysts wonder how the conversion could and should be carried out. READ MORE

Kúria issues guidelines on FX loans

Wednesday, June 18th, 2014

As the Kúria issues a ruling on foreign currency loans, columnists express skepticism on the government’s ability to save debtors.


Kúria rules in favor of forex debtors

Monday, June 9th, 2014

Most commentators believe that the latest high court ruling is good news for forex debtors and harbigner of a broad guideline that will ease their burden. READ MORE

Parliament to rewrite FX loan contracts

Monday, March 24th, 2014

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. READ MORE

Favourable ruling expected for forex mortgage debtors

Friday, February 14th, 2014

A conservative analyst thinks the weakening of the Forint may annul the favourable impact of the expected decision of the European Court of Justice to empower Hungarian courts to rewrite forex mortgage contracts. He urges serious confidence-building measures to bolster the national currency.  READ MORE

Ócsa FX debtors relief housing scheme rebranded

Saturday, January 18th, 2014

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. READ MORE