A right-wing commentator takes up the defences of Hungary’s therapy for its forex mortgage hangover in the face of criticism by the Financial Times, which warned other countries of the region against copying the ‘Hungarian cure’. READ MORE
A leading pro-government journalist quotes international comments in praise of PM Orbán, for deciding to convert mortgages denominated in foreign currencies before the surge of the Swiss Franc. The move helped hundreds of thousands of households avert catastrophic losses. READ MORE
Commentators welcome the government’s decision to convert FX mortgages into Forint loans at market rates. READ MORE
As the government promises to convert FX loans into Forint credit by the end of the year, analysts wonder how the conversion could and should be carried out. READ MORE
As the Kúria issues a ruling on foreign currency loans, columnists express skepticism on the government’s ability to save debtors.
Most commentators believe that the latest high court ruling is good news for forex debtors and harbigner of a broad guideline that will ease their burden. READ MORE
In their commentaries on the Constitutional Court’s verdict on forex loans, analysts from across the political spectrum agree that it is the government’s responsibility to help indebted families. It is, however, unclear how loans denominated in foreign currencies could be converted into Forint credits without severe economic consequences. READ MORE
A conservative analyst thinks the weakening of the Forint may annul the favourable impact of the expected decision of the European Court of Justice to empower Hungarian courts to rewrite forex mortgage contracts. He urges serious confidence-building measures to bolster the national currency. READ MORE
Népszabadság thinks the government should have known that the Ócsa project was doomed to failure from the very start and should not have taken the hasty decision of building a large compound in the middle of nowhere. READ MORE