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Government submits bill on FX loans

Tuesday, September 16th, 2014

A right-wing columnist welcomes the government bill submitted to Parliament on Friday, which would force banks to return a total of 1000 billion Forints to mortgage holders, on the grounds that the money was unfairly collected. He suggests that once the process is completed, all FX loans should be converted to Forint credits. 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

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

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

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