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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…

This article includes a total of 271 words.

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