Serbian finance minister says Swiss Franc mortgages will cost 11.7 billion Dinar

He told Mps that the draft law to convert those mortgages in Euro was meant to solve the problem of all 15,785 people with mortgages in Swiss Francs. He said the debts would be converted into Euros and decreased by 38 percent.  

“Some economists believe that the state should not pay for wrong individual decisions but we should not leave people out on the streets,” she said, adding that “it’s hypocritical for the opposition to use the difficulties of the mortgage holders to score cheap political points after urging people to take loans in Swiss Francs when they were in power”.  

Mali said the “compromise solution” is possible because of a budget surplus of 15.8 billion Dinars in the first quarter of the year.