Showing posts with label Erste Bank. Show all posts
Showing posts with label Erste Bank. Show all posts

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,