ECB attacks Hungary over mortgage relief plan


FE Team | Published: August 07, 2014 00:00:00 | Updated: November 30, 2026 06:01:00



FRANKFURT, Aug 6 (AFP): The European Central Bank (ECB) has criticised plans by Hungary to ease household debt, warning they posed a possible threat to the Hungarian banking sector.
In a legal opinion, signed by ECB president Mario Draghi and posted on its website, the central bank criticised the Hungarian authorities for failing to consult properly with the ECB on legislation adopted by parliament in July.

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