BUCHAREST Oct 7 Romania's budget, finance and
legal committees are likely to overwhelmingly approve on Monday
a bill to help Swiss franc borrowers convert their mortgage
loans in local leu currency at historical rates, deputies said
Over the past weeks there have been debates on converting
loans including one proposing the conversion of hard currency
loans by individuals at historical exchange rates plus a 20
percent increase, or offering state guarantees to banks and a
discount to borrowers.
"We back a historical rate conversion. There's agreement
(among MPs). We should have approved this long time ago, people
are right to have demanded this solution," legal committee
member Nicolae-Ciprian Nica told Reuters.
Social Democrat deputy Iuliu Nosa, vice-president of the
Budget and Finance committee said: I'm confident that nothing
surprising can happen, I do expect conversion at historical rate
solution to clear committee on Monday and, if all goes well,
will pass parliament later in the week."
"Costs for banks would be bearable."
(Reporting by Radu Marinas)