155 result(s) for fiscal deficit
CNBC On Hungary's "Economic Freedom War"
- 9 Aug 2010 3:00 AM
- business
"Comments by Hungary’s government officials have been "very mixed" about the deficit targets, Peter Attard Montalto, analyst at Nomura in London, told CNBC on Friday, adding that the issue is fundamentally about the cabinet’s attitude to international lenders and austerity. He said the government’s current approach is fine for now, but the markets will "bite eventually".
Hungary PM Orbán Sees Single Deficit Cut Deadline For EU Members, Distances From IMF
- 27 Jul 2010 2:00 AM
- current affairs
"Hungary’s "freeing itself from the IMF" is one step forward towards the nation’s self-determination, said Prime Minister Viktor Orbán. When the country’s stand-by arrangement with the Fund expires in October, Hungary will have no business with the lender, he added. Orbán stressed that the salary of the central bank’s chief is a sovereign issue and neither the EU, nor the IMF has a say in it.
Merkel Sends Unequivocal Message To Hungary After Talks With PM Orbán
- 22 Jul 2010 1:00 AM
- current affairs
"The (Maastricht) criteria set in the European Union’s Stability and Growth Pact apply for every member state, including Hungary, said German Chancellor Angela Merkel at a press conference after meeting with Hungary’s Prime Minister Viktor Orbán, Reuters reported. Orbán underlined that his country has been a champion as far as fiscal consolidation goes.
Hungary Csányi Wishes IMF Showed Bigger Flexibility On 2011 Deficit Goal
- 21 Jul 2010 3:00 AM
- current affairs
"Sándor Csányi, Chairman-CEO of Hungary’s largest bank by assets, OTP, said the markets overreacted the early departure of the IMF/EU teams reviewing Hungary’s fiscal stance. He also urged the international lenders to show larger flexibility on next year’s deficit target, which was one of the issues Hungary was unable to agree on with the IMF/EU missions.
Hungary To Seek Precautionary Deal With IMF - Szapáry
- 1 Jul 2010 1:20 AM
- business
"Hungary is seeking to sign a new, precautionary loan agreement with the International Monetary Fund (IMF), said György Szapáry, a key advisor to Prime Minister Viktor Orbán, in an interview with fn.hu on Wednesday.
Hungary Stands Out In The European Union
- 28 May 2010 1:00 AM
- business
"The European Union has broken up into four or five well-definable groups with respect to the health of their economy and the fiscal policy they had chosen to adopt in a bid to remain standing amidst the strong winds of the crisis. Hungary is not in any of these.
Hungary Needs New Growth Model For Successful Euro Adoption
- 19 May 2010 5:00 AM
- business
"Hungarian version
The earlier path of financing growth from foreign borrowing can no longer be sustained in Hungary, the National Bank of Hungary (NBH) said in its Report on the Convergence Process published on Wednesday. Reducing Hungary’s public and external debts is the key to sustainable growth and successful euro adoption. In other words, the economy will need to rely on a greater ...
IMF, EU To Accept Only Constructive Action From New Hungarian Government
- 19 May 2010 3:00 AM
- current affairs
"There is very limited guidance from Hungary’s new government on how it intends to approach fiscal consolidation in the quarters ahead, research analysts at UBS said after a recent visit to Budapest. Most observers are disregarding the populist rhetoric of centre-right Fidesz, which obtained an unprecedented two-thirds legislative majority in April - and are waiting to see actual action which ...
Markets Will Be Quick To Punish Any Expansionary Budget Policy In Hungary
- 17 May 2010 4:00 AM
- business
"Hungary’s currency and bonds may weaken on investor concern the new government will widen the budget deficit as the Greek crisis pushes the European Union to cap shortfalls, Bloomberg reported on Friday, citing analysts, who warned that the market will be quick to punish any expansionary budget policy.
CNBC On Hungary's "Economic Freedom War"
- 9 Aug 2010 3:00 AM
- business
"Comments by Hungary’s government officials have been "very mixed" about the deficit targets, Peter Attard Montalto, analyst at Nomura in London, told CNBC on Friday, adding that the issue is fundamentally about the cabinet’s attitude to international lenders and austerity. He said the government’s current approach is fine for now, but the markets will "bite eventually".
Hungary PM Orbán Sees Single Deficit Cut Deadline For EU Members, Distances From IMF
- 27 Jul 2010 2:00 AM
- current affairs
"Hungary’s "freeing itself from the IMF" is one step forward towards the nation’s self-determination, said Prime Minister Viktor Orbán. When the country’s stand-by arrangement with the Fund expires in October, Hungary will have no business with the lender, he added. Orbán stressed that the salary of the central bank’s chief is a sovereign issue and neither the EU, nor the IMF has a say in it.
Merkel Sends Unequivocal Message To Hungary After Talks With PM Orbán
- 22 Jul 2010 1:00 AM
- current affairs
"The (Maastricht) criteria set in the European Union’s Stability and Growth Pact apply for every member state, including Hungary, said German Chancellor Angela Merkel at a press conference after meeting with Hungary’s Prime Minister Viktor Orbán, Reuters reported. Orbán underlined that his country has been a champion as far as fiscal consolidation goes.
Hungary Csányi Wishes IMF Showed Bigger Flexibility On 2011 Deficit Goal
- 21 Jul 2010 3:00 AM
- current affairs
"Sándor Csányi, Chairman-CEO of Hungary’s largest bank by assets, OTP, said the markets overreacted the early departure of the IMF/EU teams reviewing Hungary’s fiscal stance. He also urged the international lenders to show larger flexibility on next year’s deficit target, which was one of the issues Hungary was unable to agree on with the IMF/EU missions.
Hungary To Seek Precautionary Deal With IMF - Szapáry
- 1 Jul 2010 1:20 AM
- business
"Hungary is seeking to sign a new, precautionary loan agreement with the International Monetary Fund (IMF), said György Szapáry, a key advisor to Prime Minister Viktor Orbán, in an interview with fn.hu on Wednesday.
Hungary Stands Out In The European Union
- 28 May 2010 1:00 AM
- business
"The European Union has broken up into four or five well-definable groups with respect to the health of their economy and the fiscal policy they had chosen to adopt in a bid to remain standing amidst the strong winds of the crisis. Hungary is not in any of these.
Hungary Needs New Growth Model For Successful Euro Adoption
- 19 May 2010 5:00 AM
- business
"Hungarian version
The earlier path of financing growth from foreign borrowing can no longer be sustained in Hungary, the National Bank of Hungary (NBH) said in its Report on the Convergence Process published on Wednesday. Reducing Hungary’s public and external debts is the key to sustainable growth and successful euro adoption. In other words, the economy will need to rely on a greater ...
IMF, EU To Accept Only Constructive Action From New Hungarian Government
- 19 May 2010 3:00 AM
- current affairs
"There is very limited guidance from Hungary’s new government on how it intends to approach fiscal consolidation in the quarters ahead, research analysts at UBS said after a recent visit to Budapest. Most observers are disregarding the populist rhetoric of centre-right Fidesz, which obtained an unprecedented two-thirds legislative majority in April - and are waiting to see actual action which ...
Markets Will Be Quick To Punish Any Expansionary Budget Policy In Hungary
- 17 May 2010 4:00 AM
- business
"Hungary’s currency and bonds may weaken on investor concern the new government will widen the budget deficit as the Greek crisis pushes the European Union to cap shortfalls, Bloomberg reported on Friday, citing analysts, who warned that the market will be quick to punish any expansionary budget policy.