Hungary Debt Risk Soars, Forint Tumbles as IMF, EU Halt Talks

Posted on July 19, 2010 by

The cost to insure debt payments from Hungary jumped the most in six weeks and the forint tumbled after the International Monetary Fund and European Union ended talks with the government without endorsing Prime Minister Viktor Orbans plans to control the budget deficit.

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Hungary Debt Risk Soars, Forint Tumbles as IMF, EU Halt Talks