Hungary’s talks with the International Monetary Fund and European Union about a credit line may continue in October, Hungary’s chief negotiator Mihaly Varga said in Warsaw on Tuesday, according to Bloomberg. Talks between Hungary and the IMF/EU and Hungary were originally slated to continue in September.
Opening the session after the summer recess, Prime Minister Viktor said in parliament on Monday that Hungary was in a stronger position today than it had been in 2008 with more room for manoeuvre. The country does not need a “bad agreement” with the IMF like the one signed four years ago, he said.
He said Hungary needed a “precautionary type of” agreement with the IMF not because of its own problems but because of those of the EU.
Addressing a traditional meeting in Kotcse in western Hungary on the weekend, Varga stressed the need of a good agreement for Hungary to be reached with the IMF and the EU. He reaffirmed that Hungary was seeking a precautionary agreement.
