Mortgages

EU court ruling on Polish mortgages turns political – POLITICO


Poland’s previous Civic Platform government tried and failed to resolve the issue just before the 2015 election.

Andrzej Duda promised to help such borrowers during his successful 2015 presidential campaign, a pledge that helped him gain traction in the larger cities that aren’t big bases of support for his Law and Justice party. Once in office, the cost of a radical solution scared the government, and little was done.

Polish Finance Minister Jerzy Kwieciński | Jacek Turczyk/EPA-EFE

Politicians jumped back into the fray on Thursday, hoping to get crucial support ahead of the October 13 parliamentary election.

The opposition Left coalition vowed to act on the issue after the election, to “remove the noose from the necks” of Swiss franc borrowers, said Wincenty Eisner, deputy head of the Democratic Left Alliance, one of the main parties in the coalition.

Grzegorz Schetyna, leader of the opposition Civic Platform party, called the ruling a “judgment” against Prime Minister Mateusz Morawiecki, a former banker, saying “his bank was one of those that in a very offensive, optimistic way, dished out loans in Swiss francs.” 

Schetyna also launched a broadside against Law and Justice for failing to follow through on its 2015 promises to help the frankowicze.





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