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National Assembly passes controversial Swiss franc loan bill

Ljubljana, 2 February - The National Assembly passed on Wednesday an act that distributes the cost of the surge in the value of the Swiss franc in 2015 between banks and some 32,000 borrowers who saw the cost of their debt in euros increase as a result. The act has been opposed by the government and by banks, which have already announced a constitutional appeal.

Ljubljana
The National Assembly debates a bill to alleviate the burden on borrowers who were hit by the Swiss central bank's decision in 2015 to lift the cap on the franc-euro exchange rate. The bill's sponsor Alojz Kovšca of the upper chamber pictured first from the right.
Photo: Tamino Petelinšek/STA

Ljubljana
Swiss francs
Photo: Tamino Petelinšek/STA
File photo

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