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LMP Urges ‘National Unity’ to Help Forex Debtors

MTI-Hungary Today 2019.04.23.

The opposition LMP party has called on all parliamentary parties to support an initiative aimed at renegotiating forex loans.

MP Antal Csárdi told a press conference on Tuesday that his party had consulted voters on the plan, under which all loans, whether outstanding or paid off, would be re-calculated at a 180:1 forint-Swiss franc rate.

Forex Loan Contracts with Unfair Exchange Rate Risks can be Cancelled Retroactively, says CJEU

Csárdi voiced hope that Hungary’s policy-makers ‘would stand united by the people as opposed to economic groups’.

In the featured photo Antal Csárdi. Photo by Zoltán Balogh/MTI