Croatia plans to convert Swiss franc loans into euros

September 10, 2015 8:20 AM

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ZAGREB, Sept 10 The Croatian government proposed on Thursday to change consumer credit laws to enforce conversion of loans denominated in Swiss francs into euros.

"We want to make equal conditions for those who have loans denominated in Swiss francs with those who have loans in euros. These changes take force on Sept. 30. The banking system will not be jeopardised as it is well capitalised," Finance Minister Boris Lalovac told a cabinet session.

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