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Swiss Franc soars

Saturday, January 17th, 2015

In a comment on the shock caused by the decision of the Swiss National Bank to lift the currency cap which pegged the Swiss Franc to the Euro, commentators on both Left and Right praise the government’s earlier decision to convert FX mortgages into Forint loans. READ MORE

Seeking a way out

Monday, September 12th, 2011

Commentators, including right-wing business analysts, find few kind words for  a planned legislation, which would allow individuals who are heavily indebted in foreign currencies to pay off their mortgages at much improved exchange rates. The government’s idea to introduce a new luxury tax is received more kindly, although it will have to be approved by the European Union before it can be implemented. READ MORE