Hungarian currency, the Forint tumbled to a record low
against the Euro on worries that country will not be capable to secure the
bailout package from the IMF and the EU because of recently approved
government's policies. The Forint fell to 319.35 per euro, reported FactSet.
The deterioration of the country's economic conditions made Hungary more
vulnerable to recession in the Euro Zone, said Benoit Anne, strategist at
Societe Generale.
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