Fidesz: November deadline for forex loan solution

History

Apparently, some members of Fidesz are already growing impatient with the process of negotiating a plan to bail out borrowers of forex-based mortgage loans: Fidesz Parliamentary Group Head Antal Rogán today in Visegrád stated that banks now have until November 1 to solve the problem.

Should no alternative proposal be put forth or amendments are not made to proposals currently before the central government, the government will put forth its own proposal, according to Rogan.

Earlier today, news service MTI reported that the National Economy Ministry is still reviewing the two proposals put forth by the Hungarian Banking Association (MBSz) in late August, but ministry sources did say that “part of the proposals made by the association were unacceptable.”

The banks have 1½ [to create] an opportunity to resolve this problem,” Rogan said, “as they also have the moral obligation [to do so.]”

Party interests reportedly “expect banks to modify the contracts...if this does not happen then the state will step in, and will work out its own proposal which parliament will approve before the end of the year. And the direction of this is fairly obvious.”

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