PRESS MONITOR

International news sources report on Hungarian government, politics and banking.

Wall Street Journal
Hungarian Government Gets Its Act Together
’After a string of faux pas and blunders, the new Hungarian government Wednesday made all the right moves in an effort to convince investors and financial markets that it means business. The country was earlier busy damaging its image through a dramatic breakup with the International Monetary Fund in mid-July, a subsequent declaration of its economic policy “sovereignty,” and misleading comments about the country’s debt that tanked the Hungarian currency on several occasions over the past months.’
blogs.wsj.com/new-europe/2010/09/09/hungarian-government-gets-its-act-together/

Bloomberg
Hungarian Debt Upgraded at Raiffeisen Research on Deficit, Interest Rates
’Hungarian bonds were upgraded by Raiffeisen Research, which said the country was now unlikely to raise interest rates this year and that fresh budget commitments mean it no longer needs International Monetary Fund money.’
www.bloomberg.com/news/2010-09-10/hungary-debt-upgraded-at-raiffeisen-on-minister-s-deficit-pledge-rates.html

 

 

News Monitoring