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Toroczkai: “Fidesz and Tisza Stand with the Bankers, Mi Hazánk Stands with the Victims of Foreign Currency Loans!”

2025. nov. 30. 16:08
7 perces olvasmány

From an article originally published in Hungarian by Magyar Jelen on November 25, 2025 by Adame Donát.

Hungary’s Parliament convened a debate on banking abuses and the foreign currency loan scandal, a financial crisis that has devastated hundreds of thousands of Hungarian families since the 2000s. László Toroczkai, chairman of the Mi Hazánk Mozgalom (Our Homeland Movement), was among the leading figures initiating the debate, where he made his position clear: while the governing Fidesz party and the new Tisza Party protect the bankers, Mi Hazánk stands with those deceived and driven into financial ruin by foreign currency loans.

Toroczkai reminded lawmakers that he had already asked Prime Minister Viktor Orbán why his government refuses to hold bankers accountable, not even Sándor Csányi, chairman and chief executive officer of the OTP Bank Group and a close associate of the prime minister. According to Toroczkai, Csányi should not be celebrated as a national figure. He should already be sitting in prison for his role in what he calls one of the biggest financial frauds in modern Hungarian history.

Toroczkai stressed that it's time to openly say what many Hungarians know from bitter experience. Foreign currency lending was not an error or a policy misstep. It was deliberate fraud, carried out with the cooperation of banks, politicians, court-appointed notaries, debt collectors, and what Toroczkai repeatedly called a “foreclosure mafia.”

While Fidesz now proposes increasing taxes on banks, Toroczkai argued that these funds do not reach the victims. Instead, they are directed to multinational corporations. He pointed to the recent 133-billion-forint government subsidy given to the Samsung battery factory in the town of Göd. In contrast, Mi Hazánk demands that compensation be paid not from taxpayers’ pockets but by those who profited from the scheme.

Toroczkai also cited András Kármán, a former undersecretary in the Orbán government who moved through the revolving door to senior positions at the European Bank for Reconstruction and Development (EBRD) and Erste Bank. Kármán now serves as the Tisza Party's lead economic adviser, proving, according to Toroczkai, that both Fidesz and Tisza answer to the same banking interests.

He concluded by pledging Mi Hazánk's support for the Marczingós Package, named after lawyer and victim advocate László Marczingós, calling his party the only political force capable of forcing meaningful accountability.

The full text of Toroczkai’s parliamentary speech is available below:

An hour ago, during Parliament’s question session, I had exactly two minutes to explain why Prime Minister Viktor Orbán and the government he leads refuse to hold the bankers to account, not even Sándor Csányi. Obviously, in two minutes I couldn’t explain everything I meant, but Orbán’s answer made something immediately clear: he still takes the bankers’ side.

I also said this. Sándor Csányi, the man he regularly flies around with on a private jet, does not belong at the head of the MLSZ. He belongs in prison, in part because of the entire chain of fraud we know as foreign-currency loans.

From the moment Mi Hazánk was founded, we have said it openly: foreign-currency loans in Hungary were a coordinated fraud. A criminal scheme from start to finish. And that is exactly how it must be treated.

Of course, we could spend hours talking about the history, the technical details, every proposal under the sun. But the truth has to be said. This was a criminal operation. A series of frauds. And when someone commits fraud, they must face consequences.

That includes the bankers, the politicians who acted as their accomplices, and everyone who took part in the mafia-like structure built on this system: the foreclosure mafia, the notaries, the debt collectors — all of them. They must all be held responsible. Criminally responsible. And then they must pay compensation. And it must be them who pay, not the fellow Hungarians they robbed.

This means something very simple. In the case of foreign-currency loans, only the original principal was ever legitimately owed to the banks. Everything above that must be returned to the victims, even to those who already paid. This is not only about stopping foreclosures immediately. It is about giving back the enormous sums taken from our fellow Hungarians who were subjected to this entire chain of fraud.

And now, moving beyond criminal responsibility and talking about compensation, let me explain what I didn’t have time to say earlier in that two-minute exchange with Orbán.

Compensation must not come from taxpayers. Absolutely not. What the Tisza Party proposed — offering a small payout funded by taxpayers’ money — is laughable. Think about it. Our fellow Hungarians who were already robbed, who lost their car, their home, their property, would pay taxes into the state budget only to get back a little of their own stolen money. Absolutely unacceptable.

Those who pocketed the profits must be the ones who pay. That is why Mi Hazánk earlier proposed taxing the banks hard. Very hard. And the Fidesz majority voted it down. And now Orbán proudly announces that they will tax the banks hard after all.

And what is this really about? The Hungarian budget is in trouble. Every budget debate shows how short of money the state is, how large the deficit has become, and how the government cannot fulfill its campaign promises. So now they want to tax the banks.

Originally, they expected 180 billion forints. Now, for 2026, they expect 360 billion. In principle, that part is fine. Let the wealthy pay, let the oligarchs and the bankers pay. That is in our program too.

The real scandal is that this money will not go to the victims of the foreign-currency loan fraud.

It goes straight into the state budget, which is in serious trouble, and from there it flows to global corporations. Just look at the past few weeks. In October alone, the government gave 133 billion forints to the Samsung battery plant in Göd. One hundred and thirty-three billion. So the bank tax is practically swallowed up by support for multinational companies and oligarchs. This must stop immediately. This money must go to the hundreds of thousands of Hungarians whom the banks defrauded.

So the money is already there, at least 360 billion forints, to begin compensation. And alongside that, all foreclosures must be halted at once. Mi Hazánk has proposed this many times, and many times the government majority has voted it down.

There is another point that must be said in the time I have left. The foreclosure mafia that grew out of the foreign-currency loan system, and every organization and person involved in it, must be punished, imprisoned, and held accountable.

And one last, very important point, because time is running again. The government representative just claimed that they “beautifully solved” the foreign-currency loan problem in 2015.

But we all know what really happened. The government made a pact with the bankers. The EBRD pact, with the European Bank for Reconstruction and Development and with Erste Bank. Its essence was that the banks would keep their profits, and no law would be passed to prevent evictions. This government sold out to the bankers.

And we also know why. András Kármán, who served as an undersecretary in the Orbán government, sat on the board of the EBRD and on the board of Erste. So it is completely clear why Fidesz bowed to the bankers.

And what does the future hold? For the victims of foreign-currency loans, this is terrible news. The same András Kármán has now become the Tisza Party’s leading economic figure. So they cannot expect anything, not from Fidesz, not from Tisza.

As for Mi Hazánk, we support what is known as the Marczingós Package, the initiative represented by László Marczingós, and we will vote for it.

And to the voters, to the victims, to everyone affected, I say this: today there are three parties claiming they want to solve this problem, DK, Jobbik, and Mi Hazánk. Of these, only Mi Hazánk has a real chance of forcing this Parliament, Fidesz or anyone else, to act in the spring. The others do not.

And we will make it happen. Thank you.


 

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