Greek PM and SYRIZA Pledge to Find Solution on Swiss Franc Loans Issue

The Swiss National Bank’s move to lift the support of the Franc’s exchange rate against the euro has caused a major upheaval and panic.

Following the SNB announcement, panic prevailed in the markets with the Swiss currency strengthened by about 30% against the euro (0.805 francs per euro).

One of the first laws to be tabled in Greek Parliament right after the elections will be related to the currency rate issue affecting 60,000 borrowers, the Greek Prime Minister’s office said in a statement.

As of Thursday, Greek PM Antonis Samaras has been in contact with Bank of Greece (BoG) governor Yannis Stournaras and the systemic banks’ heads on the issue, the statement added.

On the other hand, SYRIZA “reserves the right to resolve the issue legislatively.“


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