IMF-Loan: Orban Demonstrates Optimism

Politics ♦ Published: September 18, 2012; 20:07 ♦ (Vindobona)

According to Hungary´s Prime Minister Viktor Orban, the negotiations with IMF are proceeding on schedule.

IMF-Loan: Orban Demonstrates Optimism / Picture: © Vindobona.org

Orban is optimistic that the negotiations may be concluded quickly. Hungary aims to reach a loan ranging from € 15bn to € 20bn. The loan should help the country to reach lower interest rates on new sovereign bonds.

Hungary´s chief negotiator Mihaly Varga underlined that Hungary´s market sentiment is positive, the country risk would decline and the forint became stronger.…

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IMF International Monetary Fund, Viktor Orban, ECB European Central Bank, Hungary, Lending, Taxation, Fiscal Policy, Financial Transaction Taxes
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