European Court Decision On FX Loans Could Be Guideline In Hungary

  • 16 Jan 2014 8:00 AM
European Court Decision On FX Loans Could Be Guideline In Hungary
Hungary’s supreme court, the Kúria, was right in its decision to wait for the European Court of Justice to come up with a position on foreign currencydenominated loans before ruling on the subject, Hungarian Justice Minister Tibor Navracsics told commercial HírTV on Wednesday.

Navracsics warned that the problem was broad and complex, and while a large number of people took out such loans between 2002 and 2010, resolution could not be expected overnight.

Source www.hungarymatters.hu

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