EC takes legal action against Hungary - News - Dukascopy Bank

Wed, 18 Jan 2012 08:08:18 GMT
Source: Forexfactory
 
© Scanpix/AFP
The EC took a legal action against the government of Hungary for violations of the EU treaty law and violations of democracy. Hungary has no opportunity to secure necessary funding from the IMF and the EU until the conflict is settled. Hungary's premier, Viktor Orbán, has to decide either to meet EU requirements or let the country fell into bankruptcy. Yields on two-year debt of Hungary soared to 9.17%.




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