Hungary: New Threats for Foreign Banks

Politics ♦ Published: September 6, 2013; 18:52 ♦ (Vindobona)

Hungary´s government is determined to convert foreign exchange loans at the expense of banks again.

Hungary: New Threats for Foreign Banks / Picture: ©


Today, Hungary´s Prime Minister Viktor Orban announced that foreign banks should offer favorable conversion schemes to their foreign exchange borrowers. Orban underlined that foreign banks should make the offers until November. A large part of the losses have to be borne by banks, Orban said. “This is a moral obligation.”

Otherwise the government will solve the…

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