Housing loans in Swiss franc: Debt haircut and adjustment in euro

A solution for 20,000 is expected to be given by the government since early 2025. According to a report from News, the government project concerns housing loans valued at a Swiss loan concluded in the three years 2006 – 2008 and includes a haircut in the excess debt due to parity, an increase based on the difference in the Swiss franc rate from the corresponding euro and the signing of a new contract in euro for the refinancing of the remaining debt. CORVERSE However, it is noted that the discussions of the financial staff with the banks have not yet come to an end and that they are in progress and are at an advanced stage. Finally, it is estimated that the relevant communications will not be long. The plan provides that the haircut will be proportional to the increase in the Swiss franc-euro exchange rate, i.e. from 1 euro – 1.60 Swiss franc to 1 euro – 0.94 Swiss franc. After the haircut, the bank will follow a proposal to finance the balance of the debt by closing the loan and proposing a new loan agreement in euros.