Josef hírek

2011.09.11. 10:34

New govt proposal no real help to forex mortgage-holders, say opposition parties

Budapest, September 10 (MTI) - The Socialist party believes that the government s latest plan to help troubled foreign currency borrowers by allowing them to repay their entire mortgage at a much lower exchange rate is not a real solution, Sandor Burany, an economic spokesman of the party, told MTI on Saturday.

Budapest, September 10 (MTI) - The Socialist party believes that the government s latest plan to help troubled foreign currency borrowers by allowing them to repay their entire mortgage at a much lower exchange rate is not a real solution, Sandor Burany, an economic spokesman of the party, told MTI on Saturday.

Burany called on the government to talk to experts and the opposition about the proposal.

 

Burany, who is a member of parliament s economic committee, told a press conference that Friday s announcement "put forex mortgage-holders in a worse position than they were before".

 

The forint slipped to its weakest level against the euro since January after the announcement, trading at 281.20 from around 276 the previous day. The forint traded at 231.50 to the Swiss franc, softening from 228.44 on Thursday, while the BUX share index shed over 6 percent and OTP Bank shares were suspended after a 10-percent decline.

 

Spokesman for the green opposition LMP party Gabor Vago said Fidesz s new plan would only help a few ten-thousand people, while millions would "take the brunt". He said the government s irresponsible economic policy further excerberates the uncertainty of Hungarian markets and the move could cause a banking crisis, resulting in the government having to spend huge amounts on bank consolidation and on preventing a meltdown in the economy.

 

Vago said LMP proposes to set up a real estate fund from central and local government funds for defaulted mortgage-holders, to introduce interest rate caps, protected accounts, bankruptcy for individuals and tighten rules on collection.

 

Hírlevél feliratkozás
Ne maradjon le a boon.hu legfontosabb híreiről! Adja meg a nevét és az e-mail-címét, és mi naponta elküldjük Önnek a legfontosabb híreinket!

Ezek is érdekelhetik

Hírlevél feliratkozás
Ne maradjon le a boon.hu legfontosabb híreiről! Adja meg a nevét és az e-mail-címét, és mi naponta elküldjük Önnek a legfontosabb híreinket!