Hungary Socialists want new laws on forex loans

The opposition Socialists demand new laws on forex loans held by Hungarian borrowers in light of a recent ruling by the EU's court of justice, a deputy leader of the party said on Wednesday. In its ruling this month, the European court established in connection with a Polish case that FX loan contracts had to be declared void if borrowers had not been informed about exchange rate risks in advance, Laszlo Szakacs told a press conference.