FX mortgage bill subject to change in legislative process

Presidential Minister Maciej Łopiński told the Polish Press Agency that parliament may alter the presidential proposal of restructuring FX mortgages, but there is no space to ease the burden on banks as the solution is already a "compromise". "We don't foresee such a possibility," Łopinski said when asked if the bill could be "eased" should the costs for banks prove excessive. "The Chancellery presented a compromise proposal," he said. "I don't know what this 'easing' could consist of, but we are open to constructive proposals from all interested parties." At the same time, the bill, once it is sent to the lower house becomes "the property of the Parliament" and its final shape may be "far from the proposal submitted by the President."