EC takes legal action against Hungary

Note: This section contains information in English only.
Source: Forexfactory
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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