Sign up to The Irish Times Archive (1859 - 2008)My Account »
Sat 07 Jul 2010Taking on the IMF a risk for Hungary's patriotic leader
HUNGARY’S GOVERNMENT is taking a tough line with international lenders and banks – despite the risk of destabilising its economy and scaring away investors – in a game of nerves aimed at easing the pain of cutbacks and securing a landslide victory in forthcoming local elections.
Prime minister Viktor Orban’s determination to push through a controversial levy on banks and to soften Hungary’s target budget deficit for 2011 has put him at loggerheads with lenders and the International Monetary Fund (IMF), which halted funding talks with the Budapest government this week.
Choose a Subscription type - required
