A year on, Hungary still ‘close’ to IMF deal

Hungary  is “very close” to inking a deal with the International Monetary Fund over a credit line expected to be worth around 15 billion forint (52.59 million euro), prime minister Viktor Orbán said in an interview with state news agency MTI last Friday. November 18 2012 marked the one-year anniversary of the announcement – made as ratings agencies downgraded government bonds to “junk” – that Hungary would seek further assistance from the Washington-based lender and the EU.

(Photo: Nato)