Hungary's PM Orbán Sets Out Tasks In Mortgage Question
- 25 Nov 2013 8:00 AM
The Kúria must decide whether banks or borrowers should cover the losses incurred on mortgages as the forint weakened.
While stating that he cannot influence the court, Orbán expressed hope that the judges would “do justice to the people”.
On a second point, he said the Kúria has to rule on whether banks had any legal right to raise the interest rates on mortgages unilaterally.
Source: Hungary Around the Clock
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