"Study the past if you would define the future." Confucius
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Hungary can fund itself without IMF: Orban
Hungary can fund itself without help from the International Monetary Fund although an IMF deal would reduce Budapest's borrowing costs and provide a backstop in nervous markets, Prime Minister Viktor Orban told a newspaper. Saddled with the region's highest debt load, Hungary has been in dispute for months with the IMF and the European Union over conditions for starting talks on a multi-billion-euro loan, making it vulnerable to a worsening European debt crisis. The disagreement has centered on a law that lenders say undermines the independence of Hungary's central bank. The government will submit amendments to the ... (full story)
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