No Evictions Before Decision On FX Debtors Passed In Hungary

  • 13 May 2014 9:00 AM
No Evictions Before Decision On FX Debtors Passed In Hungary
Troubled forex mortgage holders will not be evicted from their homes before parliament passes its final decision to settle related issues, Gergely Gulyás, head of the assembly’s legislative committee, said on Monday.

Parliament will vote on a proposal to extend a current moratorium on evictions later, but the final decision requires a ruling from the supreme court (Kúria) on exchange rate margins to complement an earlier decision serving as a guideline in forex mortgage cases, Gulyás said. Once the Kúria decision is passed, parliament will take the necessary measures with no delay, the lawmaker added.

The opposition Socialists said they supported the moratorium, but also called for a “fast and comprehensive” solution to the forex issue. László Varga said his party would re-submit its earlier proposal to introduce the institution of family or private bankruptcy, and also urged social housing programmes.

Extension of the evictions moratorium will not resolve the situation around forex debtors, the opposition E-PM party alliance said, adding that the government is passing its responsibility onto the Kúria.

The alliance charged the government with incompetence, and insisted that options to avoid an eviction for troubled debtors could have been worked out during the past four years.

E-PM suggested that the euro rate be lowered through predictable economic policies, while unemployed debtors could be provided assistance through rescheduling their payments.

The National Asset Manager should be restructured so that “it can provide real help” to those in trouble, their statement said.

Source www.hungarymatters.hu

Follow that link to sign-up for MTI’s twice-daily newsletter.

  • How does this content make you feel?