Hungary: Head of Banking Association Resigns

Politics ♦ Published: November 13, 2012; 19:01 ♦ (Vindobona)

The chairman of the Hungarian Banking Association Mihaly Patai steps down. He explains that the Hungarian state overburdens the banking sector.

Hungary: Head of Banking Association Resigns / Picture: © Vindobona.org

The pressure on the Hungarian banking sector is becoming bigger. For Patai, the pain threshold is exceeded now. If the Parliament will approve the measures planned by the government, he will step down as chairman of Hungary´s Banking Association, he said. The Parliament will resolve the introduction of the financial transaction tax this week.

Moreover, the bank tax will be kept.…