Hey, Hungary, This Might Not Be the Best Time to Spook the IMF

2011. december 19. 11:32

When the IMF is in town, don’t make markets nervous about the independence of your central bank.

2011. december 19. 11:32
Erin Mccarthy
Wall Street Journal

„How exactly did Hungary shoot itself in the foot? A new bill submitted to parliament Wednesday would transfer the power to appoint the bank’s deputy governors to the government, and away from the bank’s governor. Among other measures, it would also force the bank’s board to notify the government in advance of its meetings’ agendas.

That makes the IMF, EU and investors all uneasy. Worse, it overshadows one of the few recent forint-positive policy steps, namely an agreement between the government and Hungary’s banking association to cut the volume of foreign-currency debt. And it certainly doesn’t make a currency which has fallen more than 14% against the euro since July any more popular.”

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Összesen 3 komment

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Sorrend:
slomovicz
2011. december 22. 10:31
Hey, Mr.McCarty This Might the Best Time to Spook the IMF end the Wall Street Journal ! You are , the Red Fasist- the sit. Sorry, bat- No more kommunisten! Go to Hell! You end the kommunismus!
Senye Péter
2011. december 20. 16:57
We can hold our heads high too.
Mirmur
2011. december 20. 06:06
Hey, MacCarthy, are you payed for writing bullshit?
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