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East-Europe Bank - "Hungary carries risks of infection"

Published: July 20, 2010; 00:00 · (Vindobona)

The proposed bank tax against the wishes of the IMF is not a good sign, says the head of the European Bank for Reconstruction and Development (EBRD).

East-Europe Bank - "Hungary carries risks of infection" / Picture: © Flickr

"The Hungarians sometimes tend to practice crazy procedures" warns an Austrian banker.

The dispute of Hungary with the International Monetary Fund (IMF) could develop into a risk for the whole region. "The case of Hungary contains threats for other Eastern European countries," said Thomas Mirow, head of the EBRD on Tuesday. "To the extent in which they pursue their reform and…

This article includes a total of 269 words.

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