Hungary: Slow Progress in Talks with IMF

Politics ♦ Published: August 1, 2012; 19:54 ♦ (Vindobona)

The negotiations with IMF about a € 15bn loan will be resumed in September. According to economists, a final agreement is highly uncertain.

Hungary: Slow Progress in Talks with IMF / Picture: ©

After the IMF has left Hungary last week after the first round of negotiations, doubts about an agreement between the Hungarian government and IMF are rising. Initially, the negotiations with IMF end ECB were expected to be concluded in October. Already in December 2010, the negotiations were broken up. Orban did not accept IMF´s requirements.

In October, talks with IMF should…