"Neither of Hungary's political parties has offered anything remotely credible when it comes to addressing the country's deep rooted economic problems. This is despite continuous warnings from the central bank about the need for corrective action, Calyon said in a Special Focus on Friday.Inaction by the new government to tackle the ballooning budget gap, could ultimately throw Hungary into the same type of economic crisis that occurred in early 1995, in the aftermath of the Tequila Crisis in Mexico, the bank added."
Portfolio Online Financial Journal
04.04.2006