Hungary Rejects Further Bank Charges

Politics ♦ Published: November 5, 2011; 19:55 ♦ (Vindobona)

Contrary to its initial plans, Hungary will not resolve further aid measures for domestic loan takers. The government is seeking for cooperation with concerned banks.

Hungary Rejects Further Bank Charges / Picture: ©

In September, the unfavorable development of the Hungarian Forint against the Euro and the Swiss Franc led the Hungarian government to a controversial step. Many Hungarian households are indebted in foreign currencies. After the financial crisis in 2008, many households have multiplied their debt level. Several weeks ago, the Hungarian government supporedt domestic loan takers:…