NGO warns Serbian government not to use budget funds to solve mortgage problem

A statement, issued in reaction to the government decision to earmark budget funds to solve the problem facing people whose mortgages are indexed in Swiss Francs, said no money should be taken from the budget to solve the problem.  

“The loans in Swiss Francs were taken by adult, business-capable people who thought that was the best way to solve their housing problems despite repeated warnings by then National Bank of Serbia (NBS) Governor Radovan Jelasic about the risks,” it added.  

According to the Coalition, “there is no justifiable reason why people who did not take the loans should pay for the people who did” to save them from their bad decisions.