Widespread Rumours Of Hungary's Fidesz And IMF Deal

  • 1 Mar 2010 3:00 AM
Widespread Rumours Of Hungary's Fidesz And IMF Deal
"Fidesz representatives and the IMF have held preliminary negotiations, according to rumours that were rife in London on Friday.

The IMF has allegedly told Fidesz - the clear favourite to win the national elections in April - that it would accept a budget deficit of 5-5.5% of GDP for 2010, increasing the offi-cial target from 3.8%, online media reported.

In exchange, the IMF expects Fidesz to carry out Hungary’s most radical budget-restructuring measures since the change of regime."

Source: Hungary Around the Clock.

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