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Hungary faces threat of EU financial sanctions
Europe piled pressure on Hungary on Tuesday, threatening financial sanctions against its bloated public deficit as premier Viktor Orban sought to defuse a row over his controversial new laws.
BRUSSELS (Reuters) - European Union finance ministers endorsed on Tuesday the European Commission's view that Hungary had not done enough to bring its budget gap below the EU ceiling in a sustainable way, opening the way to freezing EU funds for Hungary from 2013. Like Belgium, Cyprus, Malta and Poland, Hungary had until this year to bring its budget deficit sustainably below 3 percent under the ... Hungary seeks 15-20 billion euro IMF/EU credit line: official
BUDAPEST (Reuters) - Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying. Hungary is seeking backup from the International Monetary Fund and the European Union to reassure investors it has financing even if it gets cut off from debt markets ... Ministers open way to freezing EU funds for Hungary
By Jan Strupczewski BRUSSELS (Reuters) - European Union finance ministers said on Tuesday Hungary had not done enough to bring its budget gap below the EU's agreed ceiling in a sustainable way, opening ... Hungary EU deal hopes dim, PM in Brussels
BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban tried to move closer to a deal with the European Commission on Tuesday to rework laws critics say undermine democracy so he can revive stalled international aid talks. But Orban's deputy tempered expectations of an agreement and revealed a potential point of conflict between Budapest and the Commission, which has threatened legal action ... Hungary seeks '€20bn credit line'
Hungary is seeking an international credit line of €15 to 20 billion, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted as saying today. EU ministers support stopping credit flow to Hungary
BRUSSELS - European Union finance ministers Tuesday paved the way for starting proceedings for freezing EU funds for Hungary from 2013 by endorsing the European Commission's view that Budapest had not done enough to get its deficit back within the desired 3.0 per cent of GDP threshold. Eastday-Hungary eyes credit of up to US$26b
HUNGARY is seeking an international credit line of 15 to 20 billion euros (US$20-US$26.3 billion), the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying. Hungary seeks €15-€20b IMF/EU credit line
BUDAPEST, Feb 5 — Hungary is seeking an international credit line of €15-€20 billion (RM59.4-RM79.2 billion), the secretary of state heading the prime minister’s office, Mihaly Varga, was quoted yesterday as saying. Hungary is seeking backup from the International Monetary Fund and the European Union to reassure investors it has financing even if ... Hungary Seeks EU/IMF Credit Line of 15 Billion to 20 Billion Euros: Official
Hungary is seeking an international credit line of 15 billion to 20 billion euros ($20 billion to $26.3 billion), the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying.
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