Hungary gives bank tax its blessing

Professional ServicesBanks ♦ Published: July 22, 2010; 00:00 ♦ (Vindobona)

The new Hungarian Prime Minister Viktor Orban will not abandon the highly controversial tax, as decided in Parliament.

Hungary gives bank tax its blessing / Picture: ©

The domestic banks strongly criticized them, the International Monetary Fund finds little joy, the Eastern European Bank does not know what to do with it and the EU also can not find any praise: The Hungarian bank tax.

But it will come anyway. The Hungarians do not see any other way to achieve the budget target this year, earlier this week Economics Minister Gyorgy Matolcsy…