If the European Union makes it difficult for Hungary to access EU funding, such as money from the €750 billion Recovery Fund, one method for raising badly needed funds will be on the international bond market, where Hungary can obtain favorable terms. The situation is not ideal. With the EU threatening to punish Hungary via […]
The financing of the Eurozone cannot surpass the long-term interests of the European Union, Hungarian Finance Minister Mihály Varga said in Brussels at an extended meeting of the Eurogroup, the finance ministers of the Eurozone.
While Hungarian economic growth is expected to remain strong, the cabinet will devise a protection program for the economy to offset potential negative effects from the global market, Finance Minister Mihály Varga said.
The employment rate in Hungary has reached an all-time high of 69.8 percent this year compared with 56 percent in 2010, Hungarian Finance Minister Mihály Varga said in an interview on state television channel M1.
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