Hungary: Difficult Negotiations with IMF

Politics ♦ 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: ©

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…