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Orban sees agreement with banks as success

Prime Minister Viktor Orban sees an agreement reached between the government and the Hungarian Banking Association on Thursday as a success that offers all parties a manageable and predictable solution, and divides the burden of foreign currency-denominated mortgages among families, the government and banks, Prime Minister’s Spokesman Peter Szijjarto said on Friday.

Hungary’s strong economic performance is in the interest of all of the parties involved, Mr Szijjarto said. Banks are also interested in preventing a recession, he added.

Mr Szijjarto reiterated that economic success requires a well-functioning, stable banking system.

He said the prime minister had said the agreement was the product of tough negotiations and had offered his congratulations to all parties who helped reach it. Mr Orban said the problem of forex loans was one of the most difficult problems inherited by his government, he added.