Around a large portion of a million obliged Polish property holders have won their battle to be liberated from devastating Swiss franc contracts.
The Swiss cash has multiplied in an incentive since 2008, sending contract holders’ obligations taking off.
Presently, the European Court of Justice (ECJ) has decided that they can request that Poland’s courts let them convert their advances into the Polish zloty.
More than one of every five Polish home loans is held in Swiss francs.
Account Minister Jerzy Kwiecinski said it was uplifting news for purchasers however the decision was a surprising blow for Poland’s financial part. Authorities said the banks were decidedly ready yet the banks are getting ready for misfortunes running into many billions of zloty.
Justyna Dziubak, who brought the case, commended her triumph: “I’ve been battling the banks for a long time. It was justified, despite all the trouble.”