FX mortgage holders should take 'matters in their own hands' - Kaczyński

Leader of the ruling Law and Justice (PiS) party, Jarosław Kaczyński said in an interview with Polish Radio, that Swiss-franc mortgage holders should take lenders to court on their own, and not wait for the government to pass a bill that could help them. “I think they should take matters into their own hands and begin to fight in court,” Kaczyński said, adding that officials are in “a situation which is determined largely by economic conditions.” He added that “the government cannot take any action that would disrupt the banking system.” The issue of Swiss-franc denominated housing loans was a big talking point in Poland's last presidential and parliamentary elections. Both Law and Justice and Andrzej Duda who won the presidency in 2015 with PiS support, promised programs aimed to alleviate those whose monthly installments skyrocketed after Swiss Central Bank removed fixed exchange rate against the euro. Back in April 2016, Kaczyński even called the mortgages “a contemporary form of slavery,” his words indicate a strong shift in the government's approach to the issue.