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The fact that the euro and the Swiss franc is worth a lot more in forints than they did before affected a lot of people.
According to The Daily Telegraph, " statistics show that more than 60 percent of Hungarian mortgages and car loans are denominated in foreign currencies ".
After the election in 2010 of the new Fidesz-party government of Prime Minister Viktor Orban, Hungarian banks were forced to allow the conversion of foreign-currency mortgages to the forint.
The new government also nationalised $ 13 billion of private pension-fund assets, which could then be used to support the government debt position.

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