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Bankers not informed of govt proposal to convert 'Swiss' loans to euro

ZAGREB, March 12 (Hina) - The Croatian Banking Association (HUB) on Thursday said that it had not been informed of the government's proposal to resolve the problem of housing loans denominated in the Swiss franc by converting them into euro-pegged loans and writing off part of the principal, but reiterated that the problem could be solved only on a voluntary basis, taking into consideration social differences and sharing the cost of such a move between banks, the state and debtors.

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