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July 30, 2010, 10:42 CET

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Orbán just might need to make nice with the IMF in the future

While many people are still talking about how Orbán walked away from talks with the IMF, an article at index.hu argues that Hungary is unlikely to avoid dealings with the IMF should it find itself in need of a loan in the near future.

While the original article is long, it can be summarized as pointing out that when the EU loans money, it prefers if others are on board as well, namely the IMF, so that it is not the only lender. Consequently, the only way Hungary could get EU loans would be if the IMF was also involved, which of course means that Prime Minister Viktor Orbán's options are perhaps fewer than he thought, even if for the time being it does not appear that Hungary will need another loan.

TAGS: eu   imf   viktor orban

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