Orbán: FX issues to be settled between banks and debtors
Foreign currency denominated loan issues should be handled between lenders and borrowers, while the Hungarian government could act as a mediator in the process, but cannot pass judgment, Prime Minister Viktor Orbán told public station Kossuth Rádio this past weekend.
According to the prime minister, the Hungarian government managed to resolve issues surrounding FX mortgages, however consumer loans are a different matter and in light of relevant court rulings, risks that arise from FX rate fluctuations are to be absorbed by the borrower.
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