Comments
Hungary’s prime minister has just used Facebook to unfriend the International Monetary Fund.
Viktor Orban on Thursday said in a brief video message on his official Facebook page that Hungary could not accept alleged conditions such as pension cuts and the elimination of a disputed bank tax in exchange for a loan of around $15 billion ($18.9 billion).
Orban said his government would work on an “alternative negotiation proposal” but that a deal under such IMF demands would be unacceptable. He said, “At this price, not like this.”
On Wednesday, Orban told journalists negotiations with the IMF and the EU were going according to schedule and both sides were willing to reach an agreement.
The Hungarian economy is in recession and its annual inflation rate is the highest in the EU.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.