Bad mojo in Hungary: EU Says Hungary’s Central Bank Law Holds Key to Aid Talks.
The EU and the International Monetary Fund broke off negotiations on the aid package last month after Hungarian Prime Minister Viktor Orban refused to abandon the central-bank law, which came into force on Jan. 1 as part of a new constitution. The Budapest-based Magyar Nemzeti Bank has said the new law undermines its independence.
“We will decide whether the independence of the Hungarian central bank is fully in line with EU treaties and then of course we will be ready to open the formal talks with the Hungarian authorities on the financial assistance they requested last November,” Olivier Bailly, a spokesman for the EU, told reporters in Brussels today.
Almost every sign screams hyperinflation, and a failed state.
If you were Hungarian, what would you do?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment