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President to convene Social Justice Council, Economy Council

SPLIT, March 5 (Hina) - President Ivo Josipovic announced on Tuesday that he would soon convene the Social Justice Council and the Economy Council for discussions on the citizens' debt crisis and how to help such citizens.

Asked by the press in Split to comment on the difficulties faced by citizens who took out loans in Swiss francs, Josipovic said one should see what the government planned as a possible legislative solution to deal with this issue.

He was hopeful that the Social Justice Council and Economy Council sessions would propose to the public and the government useful ideas expected to make the difficult situation easier on citizens.

Asked to comment on the Franak association's lawsuit against eight banks at the Zagreb Commercial Court, Josipovic said "one should see if the banks' debt was in Swiss francs or not."

He would not comment on Finance Minister Slavko Linic's proposal to limit interest rates on housing loans.

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