PiS leader tells CHF mortgage borrowers to seek justice in courts
February 13, 2017
Polish CFH mortgage borrowers should seek j solutions in courts, as the government cannot accept systemic solutions that would hurt banks and, hence, all the Poles, ruling party Law and Justice (PiS) leader Jaroslaw Kaczynski said in an interview for public radio broadcaster Jedynka.
"The government cannot undertake actions that would shake the stability of the banking system, as it would be a terrible blow for all the citizens," Kaczynski said.
Hence, borrowers should seek justice in courts, which "will certainly take time" and will be much easier to accept, also for the international financial sector, he said.
PiS tricked the FX mortgage borrowers, promising solutions it was not willing to implement, politicians from opposition parties Civic Platform (PO) and Polish People’s Party (PSL) commented on Kaczynski's statement.
A relief for CHF-mortgage borrowers was one of PiS’s campaign promises made to the electorate.
The issue of Swiss franc loans became prominent in Polish politics back in January 2015, when the Swiss central bank removed its semi-peg to the euro, resulting in CHF/PLN rate skyrocketing. This visibly increased the cost of servicing such loans.