ECB requests info on forex loan bailout plan
The government has received a request for information on proposed measures for forex-based loan relief aid by European Central Bank (ECB) president Mario Draghi.
The formal request follows Draghi’s warning from the International Monetary Fund/World Bank meeting in Washington last week to Prime Minister Viktor Orbán against uncoordinated steps regarding the country’s sizable stock of foreign currency-denominated loans.
The government announced yesterday that it had complied with the request, but did not provide further details.
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