Hungarian PM calls pending anti-bank legislation “historical”


Hungarian Prime Minister Viktor Orban

Orban said the new bill was in line with other government measures aimed at fairness

Addressing parliament on the first day of its autumn session on Monday, Hungarian Prime Minister Viktor Orban called a new bill, set to go before the House "historical in significance."

The forthcoming law, assured of adoption given the government's two-thirds majority in parliament, is focused on unilateral amendments banks have made to contracts with borrowers that have contributed to raising borrowing costs for home loans granted by banks in foreign currencies.

The weakening of the fori...

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