After days of devaluation of the Forint and mounting pressure, the Hungarian government has finally ended its silence and announced it will be able to maintain its commitment to a budget deficit of three percent in 2011.
Hungarian economy minister György Matolcsy made the announcement after a meeting with his European colleagues in Brussels.
The future of talks between Hungary, the International Monetary Fund (IMF) and the European Commission now depends on the country's centre-r...
Back our independent journalism by becoming a supporting member
Already a member? Login here