Hungarian government sends its economic policy proposals to IMF, EU

The Hungarian government sent its proposals on Wednesday morning to the International Monetary Fund and the European Commission, Hungary’s chief bail-out negotiator Mihály Varga said on national television the same day.

The Finance Ministry announced in November that Hungary had requested a second credit line as ratings agencies downgraded government bonds to “junk” status and the forint plummetted. Since then, talks have been delayed by disagreements over domestic policy, notably the independence of the central bank.

(Photo:  Krisztián Hoffer/