Politics

Hungary: Difficult Negotiations with IMF

Published: September 12, 2012; 20:05 · (Vindobona)

The relation between Hungary´s Prime Minister and IMF is chronically tensioned. Another delay of the conclusions of the negotiations is likely.

Hungary: Difficult Negotiations with IMF / Picture: © Flickr

The negotiations between IMF and Hungary do not come to an end. At the end of last year, Hungary´s sovereign debt rating was downgraded to “junk status”. Already last November, Hungary´s Prime Minister Viktor Orban asked for a loan ranging from € 15bn to € 20bn. Orban reaffirmed that the loan is only a “safety net” for Hungary. However, the negotiations between Hungary and…

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Hungary: Difficult Negotiations with IMF

The relation between Hungary´s Prime Minister and IMF is chronically tensioned. Another delay of the conclusions of the negotiations is likely.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.