Wednesday, July 24, 2013

Reuters: US Dollar Report: Hungary still looking at options on forex loans: report

Reuters: US Dollar Report
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Hungary still looking at options on forex loans: report
Jul 24th 2013, 11:00

BUDAPEST, July 24 | Wed Jul 24, 2013 7:00am EDT

BUDAPEST, July 24 (Reuters) - Hungary's government is proposing talks with banks to work out a way of eventually phasing out foreign currency housing loans from the financial system, the MTI news agency quoted Economy Minister Mihaly Varga as saying on Wednesday.

Foreign currency loans pose social and economic risks that the country could not put up with for a long time, the news agency quoted him as saying.

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