Swiss franc’s sudden appreciation puts Romanian lawmakers on alert

Written by on January 21, 2015 in Europe - Comments Off on Swiss franc’s sudden appreciation puts Romanian lawmakers on alert

The budget-finance committee of the Romanian parliament’s lower house will on January 21 discuss measures to diminish the impact of the Swiss franc’s surprise appreciation on loans in the currency taken by about 70 000 Romanians.

Valeriu Zgonea, the speaker of the Chamber of Deputies, said on January 20 that he had approved a request from the committee to discuss “the problem which has arisen in Romania concerning Swiss francs loans taken by individuals”.

The meeting will be attended by representatives of Romania’s National Bank, the Romanian Banks Association and the National Association for the Consumers’ Protection and other associations, Zgonea said.

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(Photo: Michael Faes/freeimages.com)

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