Hungary may need one more bailout

Note: This section contains information in English only.
Source: BBC
© Scanpix/AFP

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 surged.

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Fri, 18 Nov 2011 14:56:38 GMT

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