Templeton Upbeat On Hungary
- 16 Jun 2014 9:00 AM
The results of Hungary’s strict budget policy can now be seen, for instance in the decline of the state debt, bond strategist Michael Hasenstab of fund manager Franklin Templeton declares in a video shot in Budapest last week at the River Danube.
He said important market-oriented reforms have been started in mass transport, health care and education.
Hasenstab welcomed the linkage of social benefits to work, saying this has forced people to enter the labour market again.
As the reforms that have started will be continued, Templeton is optimistic about Hungary, Hasenstab underlined.
At the end of the first quarter, Templeton held $12.6 billion in Hungarian bonds, up 1.3% from the end of 2013.
Source: Hungary Around the Clock
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