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Hungary. Forex Loans Probed by Supreme Court

Published: November 25, 2013; 19:51 · (Vindobona)

Due to the upcoming elections in 2014, Hungary´s government puts pressure on the Supreme Court.

Hungary. Forex Loans Probed by Supreme Court / Picture: © Flickr

Viktor Orban becomes impatient. In spring, Hungary holds elections and Orban´s conservative Fidesz insistently wants to stay in office for the next four years.

For Hungarians, the conversion of foreign currency loans is a big issue. Due to the dramatic decline of the Hungarian forint against the Swiss franc and the euro in the last years, about 700,000 Hungarian households were…

This article includes a total of 469 words.

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