January 31, 2013

IMF rejects flexible credit line for rebellious Hungary

The International Monetary Fund (IMF) has rejected Hungary’s request for a flexible credit line as the country’s premier prepares to brave it alone.

Hungary seeks other lenders instead of the IMF -- after it requested 15 billion euros last November -- and rejects the organizations harsh austerity measures,... Read more.

PressTV

Related,
Hungary PM Orbán confirms FX bond issuance, IMF deal is dead - Portfolio.hu
Hungary's Orbán: We had no austerity measures - Portfolio.hu

Hungary to Sell Eurobonds as IMF Aid Effort Ending, Orban Says - Bloomberg
Another round of talks between Viktor Orbán and José Manuel Barroso - Hungarian Spectrum

Hunger march begins tomorrow - HATC

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