The Croatian Labour Party leader, Dragutin Lesar, has said that a memorandum recently signed by the Croatian government and eight commercial banks to render the situation easier for users of loans pegged to the Swiss franc is actually "a memorandum of deception of Croatian citizens".
By prolonging periods for servicing housing loans, the situation is allegedly being made easier, but citizens are not warned that as a result of longer repayment periods, their total debt to banks will be higher, Lesar said in Slavonski Brod on Tuesday evening.
Lesar called for loan risk sharing equally by loan users and commercial banks which he said earned that capital here in Croatia.
He reiterated that this parliamentary party insisted on the annulment of the foreign currency clause for loans.
Lesar said he was not surprised by the graft allegations implicating former Prime Minister Ivo Sanader in bribe-taking in return for giving management rights in INA to Hungary's MOL.
