Hungarian Markets Losing Hope Of IMF Loan
- 17 Apr 2012 9:00 AM
The belief that Hungary might not reach an agreement with the IMF and the EU on a standby loan agreement is gaining ground on the currency market, London-based analysts said on Monday. Worries that Hungary would be reluctant to accept the conditions attached to aid from the IMF and the EU have resurfaced, causing tension on the market, analysts with Capital Economics observed.
The loan issue will be resolved only if Hungary is “pushed to the brink of a crisis,” the economists said."
Source: Hungary Around the Clock
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