Romanian MPs remove indebtedness limit for conversion of Swiss franc loans

Romania’s Chamber of Deputies removed yesterday an amendment according to which only bank clients with an indebtedness of over 50% would benefit from the conversion of Swiss francs into local currency loans at the historic exchange rate from the moment the loans were granted. The provision had been introduced on Monday by the budget and judicial committees within the Chamber of Deputies, reports local Mediafax. However, the Chamber of Deputies apparently maintained the other main provision introduced by the special committees, which states that the conversion can take place if the value of the contracted loan doesn’t exceed CHF 250,000. The deputies didn’t get to vote the bill because there were not enough MPs present at the plenary session. Liberal MPs left before the vote on a no-confidence motion against justice minister Raluca Pruna. editor@romania-insider.com