Milbradt Says Hungary ’s Solution To Crisis “Remarkable”
- 7 Jan 2014 4:00 AM
Hungary has “climbed out” of the “rut” of the economic crisis in a remarkable way, Georg Milbradt, a former minister president and finance minister of Saxony who is now an economic advisor to Hungary’s prime minister, said on Tuesday. Milbradt told public television M1 that unlike other European states, Hungary had tried to resolve its problems without relying on external help.
It has paid its international debts promptly and under taken full responsibility for its actions. This has generated trust in the country, he added.
Among the positive developments in Hungary’s economy, he highlighted increasing competitiveness and a considerable export surplus which is helping to reduce its external debt. Hungary has been on a growth path - already apparent in 2013 - and this trend is likely to intensify in the years to come, he said.
Source www.hungarymatters.hu
Follow that link to sign-up for MTI’s twice-daily newsletter.
LATEST NEWS IN current affairs