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Half of foreign currency loan holders have daily financial problems

19% of Hungarians suffer the consequences of the fluctuations in the Swiss franc, 35% say there is no cause for concern, a recent study done by Nézőpont Intézet on behalf of political daily Heti Válasz reveals.

Those in their thirties are particularly sensitive to the exchange rate increase: 35% of young adults have some foreign currency-denominated mortgages. Even within this group, financial differences are sharp: half of the foreign currency loan holders have daily financial problems while the rest can take control of their finances and manage their debts.

Although 60% claim that the government has a limited set of tools for debt settlement, 50% of debtors expect help from the government. 42% is confident that the government will find ways to tackle this problem.

Regardless of party preference, an overall 63% of those questioned blame the former government(s) for the country’s debt, 27% say it is the result of the current economic recession.

As for the introduction of the euro, 51% of the polled find it would harmful for the country with only 27% supporting the single currency, the survey shows.