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Conflict Between IMF and Hungary in the World Press print
July 19, 2010

Financial Times, The Wall Street Journal, Reuters, Bloomberg: just to name a few of the international dailies and news agencies that reported on the conflict between the Hungarian government and the IMF, following the interrupted negotiations on the IMF loan terms and budget deficit. All analysts agreed that the Hungarian government's hard attitude towards IMF is not acceptable, as the weakness of the Hungarian economy may result in the need for a further IMF loan soon, which might not be granted if the conflict sharpened. As predicted by the newspapers, Forint weakenedl significantly today, due to the incertainty caused by the "mixed messages" of the Hungarian government.




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