Fri, 18 Nov 2011 14:55:32 GMT
Hungary may need one more bailout
Hungary plans to sign agreement with IMF in
the beginning of 2012, announced the Economy Ministry of the country. Hungary
already received bailout package in 2008 but did not renew agreement in 2010.
Hungary did not yet pass a formal request for bailout package, reported the EU.
Situation in Hungary essentially deteriorated; its currency forint is the
ever-low against euro and Hungary's cost of borrowing