The European Central Bank (ECB) on Thursday (22 December) lashed out at the Hungarian government over plans to seize control of its central bank, the latest in a series of power-grabs by the ruling party amid worsening economic conditions and downgrades to 'junk' territory by two major ratings agencies.
Enforcing the current draft law on the central bank (Magyar Nemzeti Bank) "could undermine [its] independence", the ECB said in a statement, focusing on a provision which would increase...
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