Hungary: IMF Talks Begin Next Week

Politics ♦ Published: July 14, 2012; 19:10 ♦ (Vindobona)

The financially stricken country seeks a second bailout by IMF. Hungary negotiates over a loan sized € 15bn.

Hungary: IMF Talks Begin Next Week / Picture: ©

Next Tuesday, negotiations between the International Monetary Fund and the Hungarian government will start. In December, the negotiations were broken up. According to Hungary´s chief negotiator Mihaly Varga, the negotiations with IMF end ECB on the € 15bn bailout may be concluded in October. Last week, Hungary´s Parliament held a vote to open the negotiations and approved the plan…