Hungary is set to force lenders to swallow currency losses on Swiss franc mortgages. Financial stocks and the forint fell as the countryâs banks and the Austrian government criticized the plan. Hungary wants to allow fixing the Swiss franc at more than 20 percent below market rates for early repayment, Prime Minister Viktor Orban said today in parliament. Austria âfirmly rejectsâ the measure, which may cause âenormous lossesâ to banks and risks regional financial stability, Finance Minister Maria Fekter said today. Erste Group Bank AG (EBS) and Raiffeisen Bank International AG (RBI) dropped, while Hungaryâs risk rose. âIt tells foreign banks that they can go to hell, which in the long run is extremely negative,â Daniel Bebesy, who helps oversee $1.5 billion mostly in Hungarian government bonds at Budapest Investment Management, said in a telephone interview. http://www.bloomberg.com/news/2011-09-12/orban-says-feasible-to-fix-franc-rate-on-hungary-loans.html Ouch! That´s a low kick into the stomach of Austria´s and other foreign banks.