Hungary: In a Debt Crisis Soon?

People ♦ Published: March 22, 2013; 17:10 ♦ (Vindobona)

New all-time high in debts was reported. Hungarian populations hopes for fast political turn-around.

Hungary: In a Debt Crisis Soon? / Picture: © Wikipedia / Európa Pont

The national debt in Hungary has reached an all-time high in February. The official debt authority AKK reported about liablilites amounting to HUF 21.6bn (approx. € 70.3bn) which is an increase of 200m since in November 2011 where the last debt record was stated. The debt rate at 80.5 % of GDP is only marginally lower than in 2011 when it hit 81.8 %. Besides, it is double as high as…