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The story of foreign currency loans can go on

The joy of the participants in the FX-credited story is hardly cloudy. Although years have come to an end, the forint's gradually weakening forint has overshadowed the burden-reducing effects for borrowers, and financial institutions' losses may swell even higher as a result of the Fair Banking Act and accepted interest rate moratorium. This even calls into question the conclusion of the story. “ The protracted resolution of the problem indicates that it is an extremely complex problem where political will, economic rationality, sustainable growth objectives and the reduction of social costs were fundamentally at odds with one another. In the...