Friday, September 7, 2012

Hungarian prime minister uses Facebook page to ‘unfriend’ IMF, rejects alleged loan conditions

Why would the IMF want to eliminate the bank tax?
I don't see that being in any country's best interest. It actually makes no sense to me.


Hungary’s prime minister has long had a testy relationship with the International Monetary Fund — and on Thursday he used Facebook to unfriend the agency and reject its allegedly tough loan conditions.

Prime Minister Viktor Orban said in a video message on his official Facebook page that Hungary could not accept pension cuts, the elimination of a bank tax, fewer public employees and other conditions in exchange for an IMF loan that other officials have said could be about €15 billion ($18.9 billion).

The IMF’s list of conditions, Orban said,