July 10th, 2012

Quotable: Bálint Török on Matolcsy, the IMF and the markets

“The Prime Minister’s hint that [...] National Economy Minister György Matolcsy still has a good few plans stashed away in his desk is worrying rather than soothing news to the markets.”

Buda-Cash analysts Bálint Török on the government's upcoming talks with the IMF. Török said the negotiations were likely to face more hurdles over the government's recent policies, such as the newly adopted transaction tax and the HUF 300-billion job protection program, which economist say may put a huge hole in Hungary's 2013 budget. [napi.hu]

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