Rzeczpospolita: enactment of "Swiss Franc Act" may be delayed
Political differences between Poland’s president and the ruling PiS party, as well as potential lawsuits of bank shareholders have slowed down legislators’ work on so-called “Swiss Franc Act,” according to Rzeczpospolita. The daily has written that the presidential bill, which is seen as controversial, will not be worked on in Sejm this week.
The newspaper reminds that in February the embassies of Germany, Austria, Spain and Portugal – the countries from which the main shareholders of the banks that granted the most Swiss franc-denominated mortgage loans in the past – sent a letter to the head of the Public Finance Committee, Andrzej Szlachta, in which they argued that the law would violate EU principles.
