Hungarian banks are set to seal a deal with the government to bail out struggling mortgage borrowers by May 2011, Reuters reports. Households in Hungary had borrowed trillions of forints worth of Swiss franc-denominated mortgages and have fallen behind on their payments. The government had imposed a moratorium on evictions to protect borrowers from losing their homes, which is set to be replaced by the new agreement. The existing moratorium will be substituted by a quota on liquidations and measures to help borrowers.

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