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Freedom party against ban of foreign currency loans

Upper Austrias provincial Freedom party chairman Lutz Weinzinger shows himself very upset about the decided ban of foreign currency loans in Austria. The only exception are “wealthy customers”. They are still allowed to take those controversial foreign currency loans.

Weinzinger said that Austrias capital market supervisor known as “FMA” is the henchman of the banks. They are the true profiteers of this decision, he confirmed. The Freedom party man explains that credit users are forced to take expensive credits in the EURO currency now. Banks are the only winners in such a situation. They are going to earn 1,6 billion Euro more every year.

Lutz Weinzinger worries about home-builders who are most of all concerned. “A huge damage for Austrias building sector and people who wanted to create their own home”, he explained.

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