“A long-running dispute between Hungary and the International Monetary Fund escalated on Monday when the head of the country’s central bank called on the IMF to close its office in Budapest, saying it was no longer needed. On Monday, central bank chief Matolcsy said Hungary would repay the 2008 loan in full by the end of this year. He said the government had succeeded in pushing its budget deficit below the EU ceiling of 3 percent of GDP. Matolcsy is the architect of Orbán’s unorthodox economic policy which is based on imposing heavy special taxes on large companies. He became central bank governor four months ago.”
Related posts:
Federal Reserve expected to stay the course on near-zero interest rate
Some traders got Fed 'no taper' decision news early
Jamie Dimon labels bitcoin users 'stupid' as price heads to $10,000
Cyprus Bank’s Bailout Hands Ownership to Russian Plutocrats
Third-Largest US Futures Broker Newedge Fined for Lax Oversight of Manipulative Trades
Google knows nearly every Wi-Fi password in the world
GCHQ intercepted foreign politicians' communications at G20 summits
Germany tells parents to destroy toys over Chinese spying fears
Russia: U.S. demands to hand over Edward Snowden are ‘ravings and rubbish’
Northern California counties revive an old idea for a breakaway state
Tech Industry Sets Its Sights on Gambling
Vietnam jails 22 activists for subversion
No criminal charges for Jon Corzine in MF Global probe
How We Got Busted Buying Drugs On Silk Road's Black Market
Missouri Governor to Triple National Guard Presence in St. Louis