BUDAPEST, June 26 Hungary's government plans to
get rid of household foreign currency loans by converting them
into forints, possibly by the end of the year, in a way that
does not undermine the banking system, the economy minister was
quoted as saying on Thursday.
"When we think about the future, such solutions are possible
that obviously do not jeopardise the operation of the banking
system but still scrap foreign currency loans in their current
form and make their repayment possible without any problem,"
Mihaly Varga was quoted as saying by the daily Nepszabadsag in
When asked whether this meant a conversion of the loans into
forints, Varga said: "The goal is to convert them into forints
and to create fair contracts. The expectations have not changed,
monthly repayments must fall substantially."
(Reporting by Gergely Szakacs; Editing by Andrew Heavens)