The scheme will provide for the favorable conversion of remaining Swiss-franc loan balances into euros, with a discount ranging from 15% to 50% on the exchange rate, depending on borrowers’ income

Euro’s depreciation against the Swiss franc has caused tens of thousands of mortgagors and guarantors to despair after economic crises

The latest ruling by a French court will be closely scrutinized by Greek borrowers whose mortgage was issued under the same, ultimately ruinous scheme