Bloodied by Brussels, Hungary courts IMF for aid

By REUTERS
January 12, 2012 04:40

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

BUDAPEST - Hungary must convince the International Monetary Fund on Thursday it is willing to change its ways in return for aid to remain solvent, a day after the European Union flagged the threat of legal action over hard-line reforms.

For Prime Minister Viktor Orban, widely criticized for pushing through restrictive new laws on public finances and the central bank while treating the country's would-be lenders with defiance, going back to the IMF cap in hand represents a severe political climbdown.

Tamas Fellegi, minister in charge of talks with the IMF and the EU - which led a 20 billion rescue of Hungary in 2008 - meets IMF chief Christine Lagarde in Washington on Thursday with a mandate to accept a stricter funding deal than Budapest initially wanted.

Related Content

Breaking news
August 16, 2018
Facebook says it was “too slow” to fight hate speech in Myanmar

By REUTERS