Hungary’s sovereign debt has been downgraded by two analysts because of two political moves that has affected the economic condition of the country. The first move is its refusal to come to terms with the International Monetary Fund or IMF. The second move is the rejection of the country to use strong measures to implement [...]

According to Hungary’s secretary of state Mihaly Varga, the real status of Hungary’s public finances is hidden. This implies that the country needs stronger and more effective measures to reach their target of a 3.8 percent of GDP. Last Friday, the euro reached its lowest mark in four years because many were afraid of a [...]